DLP Real Estate Capital Secures $118M Refinancing for Two Houston Multifamily Properties

July 5, 2026 - 08:41

Houston, Texas - DLP Real Estate Capital has completed a $118 million refinancing deal covering a two-property multifamily portfolio in the Houston area. The transaction provides new long-term capital for the properties, which include a combined total of over 800 apartment units across both locations.

The refinancing addresses existing debt on the portfolio while also freeing up additional funds for planned property improvements and operational upgrades. Market sources indicate the loans were structured with favorable terms that reflect continued lender confidence in Houston's multifamily sector, despite broader economic uncertainty in commercial real estate markets.

Houston's apartment market has shown resilience over the past year, with occupancy rates holding steady near 90 percent across most submarkets. The two properties involved in this transaction are located in established neighborhoods with strong rental demand driven by job growth in healthcare, energy, and logistics sectors.

DLP Real Estate Capital, a division of DLP Capital, has been active in originating and structuring multifamily debt across the Sun Belt region. The firm focuses on providing bridge and permanent financing solutions for institutional-quality apartment assets. This Houston portfolio refinancing represents one of the larger single-transaction multifamily loans closed in Texas so far this year.

Industry observers note that well-capitalized sponsors with strong property performance metrics continue to access debt markets even as lending standards have tightened elsewhere. The deal highlights ongoing liquidity for multifamily assets in major Texas markets.