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Houston-Based Real Estate Banker Provides $44.8 Million Financing for Projects in Austin, Broomfield, CO

HOUSTON-The L.J. Melody real estate investment banking firm has arranged $44.8 million in financing for two apartment projects owned by CWS Apartment Homes. The loans have been sold to Freddie Mac.

By Connie Gore | Updated on August 23, 2000

The L.J. Melody real estate investment banking firm has arranged $44.8 million in financing for two apartment projects owned by CWS Apartment Homes: The Estancia Apartments in Austin, Texas and the Town Center Apartments in Broomfield, CO.

L.J. Melody provided financing for the loans that were subsequently sold to Freddie Mac. The Estancia Apartments, located in the Barton Creek area of Austin, were built in 1998 and are 98% occupied. The Town Center Apartments, located on E. First Ave. in Broomfield, a suburb of Denver, were built in 1999. The 283-unit project is 95% occupied. The L.J. Melody firm, an affiliate of CB Richard Ellis, is based in Houston.

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