Aspen Oak Capital Partners has secured a Freddie Mac Targeted Affordable Housing loan for the refinancing of Stadia Med Main Apartments, a 338-unit partially affordable community in Houston. Commercial Edge reports that NewPoint Real Estate Capital provided the fixed-rate, flexible prepayment loan with a seven-year term and 35-year amortization period. The mortgage refinances an earlier $60 million NewPoint Bridge Loan from 2022 used to fund the property’s acquisition by Wood Partners who sold it for $80 million according to Yardi Matrix data. Stadia Med Main is subject to an unsubordinated net ground lease held by Houston Housing Authority which designates half of its units as affordable. Formerly known as Alta Med Main, this four story building offers one and two bedroom floorplans ranging between 495 and 1,264 square feet in size.
Recently Aspen Oak purchased Granary Flats – another 324 unit community situated within Richmond Texas’ 1,300 acre master planned development area..
North Hollywood 41-Unit Multifamily Property Sells for $5.89M at 5.7% Cap Rate
Marcus & Millichap has completed the sale of a 41-unit multifamily property located at 13103 Barbara Ann St. in North
Steve Griffin
October 2, 2026
