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LMI's Deluge of Closings


LMI Capital's Brandon Brown and Jamie Mullin went on a spree this week, closing five capital markets deals. The loans include $9M to refi a 160-unit multifamily community in Humble, $10M to refi a 370-unit community in Alief, acquisition capital for for a 120-unit community in West Houston (a bridge loan that brought the first mortgage to 80% of the purchase price), a $7M refi of a 200-unit apartment complex in southeast Houston, and an acquisition loan for a 180-unit property in southwest Houston. Most of the deals went CMBS.