Houston, October 21, 2025
News Summary
MetroNational has secured an $82.7 million loan from Freddie Mac to finance The McKinley at Memorial City, a new multifamily development in Houston. This Class A development features a 25-story building with 278 units designed for modern living. Residents will enjoy numerous amenities, including a pet-friendly environment with a fitness center, swimming pool, and even a golf simulator. Strategically located near major highways, the development is part of a larger mixed-use project encompassing a significant area in Houston.
Houston – MetroNational has secured an $82.7 million loan from Freddie Mac to finance The McKinley at Memorial City, a new multifamily development in Houston. The property, which is situated at 9757 Katy Freeway, includes 278 units and is classified as a Class A multifamily development. Jones Lang LaSalle originated the Freddie Mac mortgage, which is set to mature in 2035.
The McKinley at Memorial City, completed in 2022, features a striking 25-story building. The apartments offer a variety of floor plans ranging from one- to three-bedroom units, averaging 1,202 square feet. Notable features in the units include 10-foot ceilings, floor-to-ceiling windows, soaking bathtubs, kitchens equipped with dry bars and dining spaces, as well as balconies. In select apartments, private yards are available, and there is a penthouse collection featuring two- and three-bedroom layouts.
Residents can enjoy several common-area amenities. The pet-friendly community includes a fitness center, a swimming pool with private cabanas, a movie theater, and a clubroom with a golf simulator. Additional features include a wine bar, an on-site restaurant, a sun terrace with outdoor grills, an entertainment area, and a dog park. Additional services offered at the development encompass EV charging stations, dry cleaning, and bicycle storage.
The McKinley at Memorial City spans 4 acres and is strategically located near Interstate 10 and Beltway 8. It sits approximately 13 miles from downtown Houston, with George Bush Intercontinental Airport located an additional 13 miles thereafter. This development is part of MetroNational’s larger Memorial City project, which encompasses nearly 10 million square feet of mixed-use space across 300 acres.
Memorial City comprises five residential projects totaling 870 units, a hotel, a 2.3 million-square-foot medical center, and a regional mall. However, Houston’s multifamily sector has shown mixed signals as of early summer, according to a report from Yardi Matrix. Employment in the area has grown by 1.3 percent, translating to 36,000 net jobs added over the past year. In that same period, 5,224 multifamily units were delivered, and 25,981 units remain under construction. Additionally, Vero Capital recently secured an $86 million refinancing agreement for a 404-unit luxury multifamily property located in Montrose, funded by Siguler Guff & Co. and Benefit Street Partners.
FAQ
What is the amount of the loan secured by MetroNational from Freddie Mac?
The amount of the loan secured by MetroNational from Freddie Mac is $82.7 million.
How many units are in The McKinley at Memorial City?
There are 278 units in The McKinley at Memorial City.
What type of development is The McKinley at Memorial City?
The McKinley at Memorial City is classified as a Class A multifamily development.
When was The McKinley at Memorial City completed?
The McKinley at Memorial City was completed in 2022.
What are some key amenities at The McKinley at Memorial City?
Key amenities at The McKinley at Memorial City include a fitness center, a swimming pool with private cabanas, a movie theater, and a dog park.
Where is The McKinley at Memorial City located?
The McKinley at Memorial City is located at 9757 Katy Freeway, Houston.
What is the maturity date of the Freddie Mac mortgage?
The maturity date of the Freddie Mac mortgage is set for 2035.
Key Features of The McKinley at Memorial City
| Feature | Details |
|---|---|
| Loan Amount | $82.7 million |
| Unit Count | 278 units |
| Building Height | 25 stories |
| Amenities | Fitness center, swimming pool, movie theater, dog park, among others |
| Location | 9757 Katy Freeway, Houston |
| Completion Year | 2022 |
| Maturity Date of Loan | 2035 |
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Additional Resources
- MultiHousing News: MetroNational Lands $83M for Houston Apartment Tower
- RE Journals: MetroNational Acquires Houston’s CityCentre
- KHOU: Memorial City Developer MetroNational CityCentre
- Commercial Search: MetroNational Buys Houston Tower
- Realty News Report: MetroNational Hires JLL to Lease New Vacant Tower
- Wikipedia: Houston
- Google Search: MetroNational
- Encyclopedia Britannica: Houston
- Google Scholar: MetroNational CityCentre
- Google News: MetroNational
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