Nitya Capital Unlocks $218 Million in Value through Refinancing

Nitya Capital, LLC, a prominent international real estate investment firm based in Houston, has successfully completed a $218 million refinancing deal. This strategic move resulted in the repayment of loans across seven properties, further demonstrating the firm’s operational and financial acumen and bolstering lender confidence.

The refinancing covered six multifamily assets, with five located in Houston, TX—Barcelona, Eden Pointe, Establishment, Hunters Chase, and Lakeside Forest—and one in Dallas, TX—The Muse. Additionally, one student housing asset in College Station, TX—Campus Village—was included in the refinancing.

Nitya Capital, through its non-profit arm Karya Kares, continues to make strides in its ESG (Environmental, Social, and Governance) journey by incorporating these assets into income-restricted affordable housing. This inclusion qualifies the properties for property tax exemptions, benefiting low-income households. Currently, 60% of Nitya’s portfolio is categorized under affordable housing.

The tax exemptions enabled Nitya to secure new loans from Argentic Real Estate Finance 2 LLC. The portfolio of seven assets was appraised at $356 million, a significant increase from the original purchase price of $254.6 million, representing a 40% enhancement in value. The loan payoffs were made to several major lenders, including Fannie Mae, Freddie Mac, Morgan Stanley, and MetLife, further strengthening Nitya’s reputation in the lending community.

“Nitya’s vision has always been to create a win-win model - we want to provide a clean, safe, and convenient living community to low-income families of America while also generating above-market returns for our investors. This transaction is a testament to that vision,” stated Swapnil Agarwal, Founder and CEO of Nitya Capital.

For more information about Nitya Capital and its real estate investment strategies, visit www.nityacapital.com.