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Texas  + Houston-Galveston  + Apartments  | 

Houston Apartment Complex Gets Quick Funding for Sale and Revamp

It didn’t take long for an apartment buyer to get the money to buy and fix up the Villa Ana apartments. Lightstone Capital was able to provide nearly $15 million and it only took a month. Lightstone’s Eugene Rozovsky summed it up, “We worked closely with all of the parties to simplify the process and it closed in about 30 days.”

The garden-style apartment complex was built in 1979. It’s located in the southwest part of town, near the SW Freeway and Sam Houston Tollway.

Lightstone provides loans ranging in size from $5 million up to $100 million and are secured by real estate assets. Besides their Dallas office, they recently opened up shop in Los Angeles.

The deal came to Lightstone by way of Jim Richards from CBRE’s Houston office.

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Inside The Story

Eugene RozovskyJim Richards

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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