CBRE Capital Markets’ Debt & Structured Finance team has secured a $92.0 million loan for the refinance of Willowick Park, a 552-unit luxury apartment community in Houston, Texas.

The properties included in the transaction are:

- Aria at Willowick Park – 325 units.

- Olympia at Willowick Park – 189 units.

- Townhomes at Willowick Park – 38 units.

Hal Holliday and Rusty Chiles of CBRE’s Houston office arranged the loan on behalf of the borrower, Willowick Venture, Ltd.—a partnership between a large institutional investor and Houston-based developer, Martin Fein Interests, Ltd. Fannie Mae provided the 10-year, SARM loan which was used to refinance the original construction loan.

Located at 3255 Las Palmas Drive, adjacent to River Oaks—Houston’s most prominent single-family neighborhood—Willowick Park is comprised of three adjacent, separately operating properties—Aria at Willowick Park, Olympia at Willowick Park, and Townhomes at Willowick Park. Each property features an array of community amenities such as resort-style swimming pools, expansive fitness centers, valet parking, and 24-hour concierge services. Located in close proximity to Highland Village, River Oaks District and the Galleria, Willowick Park offers residents a highly desirable Inner Loop experience within a secluded setting.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.