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Newmark Arranges $52M Loan for Refinancing of Metro Houston Multifamily Property

CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress. Built in 2008 withi

Summary

CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress.

Built in 2008 within the Towne Lake master-planned community, the property offers one-, two- and three-bedroom units and amenities such as two pools, a fitness center, conference center and outdoor grilling and dining stations.

Vince Punzi and Lowell Takahashi of Newmark arranged the loan on behalf of the borrower, Ca

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