Atlanta-based Column Financial Inc., a subsidiary of Credit Suisse First Boston funded the transactions. Michelle Paretti, director of Column's small balance loan program tells GlobeSt.com that the three deals had "very competitive" interest rates. Additionally, all the borrowers are private investors from Texas.

Borrower of record, Anderson Village Ltd., secured a $3.2-million loan for the 175-unit Anderson Oaks at 600 E. Anderson Rd. in far southwest Houston. The manufactured housing community, which is more than 98% occupied, was constructed in 1970.

Paretti says the owner, who acquired Anderson Oaks in 1991, got a 10-year term with 30-year amortization, 80% loan-to-value ratio and a 1.51x debt coverage.

The 142-unit Sands Point Cove Apartments at 8600 Sands Point Dr. near the Bellaire area of southwest Houston received $2.8 million in a 10-year loan with a 25-year amortization. The complex's occupancy is 95%-plus. According to Paretti, the owner, SP 8600 Ltd., purchased the 26-year-old complex at the 2001 close and spent last year completing a renovation. The new capital infusion, which replaces an acquisition loan, has a 65% LTV and 1.35x debt coverage.

A $2.3-million loan has been secured by a 104,701-sf storage facility at 2555 Eldridge Rd. in Sugar Land, southwest of Houston. Borrower D.B. Hill Ventures Inc. developed the 80%-leased Southwest Storage facility in 1999. The 10-year loan has a 25-year amortization, 70% LTV and 1.46x debt coverage.

"In light of the advantageous interest rate market, we are actively pursuing deals in Houston," Paretti says, noting the "solid real estate fundamentals" make Houston a favored location for lending.