newsfilter
← Latest News
Business Wire·

Marcus & Millichap Capital Corporation Arranges $54 Million HUD Refinance for Houston-Area Multifamily Asset

  • Marcus & Millichap Capital Corporation (MMCC) arranged a $54 million HUD refinance for Lakeview at Westpark, a 298-unit multifamily property in Richmond, Texas.
  • Brandon Brown, senior managing director at MMCC's Houston office, led the capital markets team representing Rockstar Capital to secure financing from KeyBank.
  • The loan features a fixed interest rate of 5.3% with 35 years of amortization, replacing a floating rate bridge loan.
  • The transaction involved navigating Texas HB21 regulations & Housing Finance Corporation (HFC) requirements.
  • Lakeview at Westpark was constructed in 2021 & acquired by Rockstar Capital in 2022 within the Richmond/Katy corridor.
  • Rockstar Capital currently owns & manages 23 multifamily properties totaling 4,567 units across Texas.
  • CEO Robert Martinez stated the refinance demonstrates lender confidence in high-growth Texas submarkets & provides capital for long-term value creation.
  • MMCC closed 1,659 transactions totaling $11.9 billion in 2025 as a subsidiary of Marcus & Millichap, Inc.
  • Marcus & Millichap, Inc. closed 8,818 transactions with a sales volume of $50.8 billion in 2025.