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NKF Arranges Refi on Houston Workforce Housing

NKF arranged the $54.8-million Freddie Mac refinancing of Nob Hill Apartments in Houston. The financing effort was led by Multifamily Capital Markets executive managing director Matt Greer of the firm’s Austin office on behalf of repeat NKF and Freddie Mac client, Steadfast Companies.

“Completing this loan during the current pandemic is a testament to the teams at Steadfast and Freddie Mac,” said Greer. “Nob Hill provides over 1,300 units of workforce housing, which is more critical now than ever. Recognizing this, Freddie Mac stepped up to the plate as a trusted lending partner.”

Constructed in 1967, Nob Hill consists of four phases, operated as one complex comprising 1,326 units. The garden-style property offers newly renovated one- and two-bedroom floorplans.

Located at 5410 N. Braeswood Blvd., the property is situated within a prestigious area of Houston and is located next to the Brays Bayou Greenway Trail and near the Meyerland Plaza.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing