KeyBank Provides $54M Refi for 298-Unit Houston-Area Multifamily

Rockstar Capital refinanced Lakeview at Westpark, a 298-unit multifamily community in Richmond (Houston metro), with a $54 million fixed-rate loan from KeyBank. The financing reportedly carries a 35-year term and a 5.3% interest rate and was arranged by Marcus & Millichap Capital. The recapitalization transitions the property from a floating-rate bridge loan into a longer-term HUD and local housing finance corporation-backed structure, indicating continued appetite for stabilized multifamily takeouts when basis and sponsorship are strong.