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New Texas Medical Center hotel secures multimillion-dollar refinancing
InterContinental Houston – Medical Center, a prominent new hotel in Houston’s Texas Medical Center area, has secured a $102 million refinancing loan, the lender announced Nov. 19. The loan was issued via a partnership between Los Angeles-based Co.....»»
Downtown Houston mixed-use development secures $140M refinancing
The firms behind one of downtown Houston’s largest mixed-use office and retail developments have secured a $140 million refinancing. Houston-based Midway and Lionstone Investments, which is owned by Boston-based Columbia Threadneedle Investment.....»»
Arbor streamlines loan
Arbor Realty Trust funded a Fannie Mae Streamlined Rate Lock (SRL) loan in Chicago, IL. The loan provides for the refinancing of two properties totaling 457 units. The properties received $50.4M in funding through the program and the loan has a 12-year.....»»
TRANSACTIONS: GCP Capital Group arranges mortgage financing in the aggregate amount of $36,820,000
Arbor R.....»»
HFF arranges $13M SOMA property refinance
Holliday Fenoglio Fowler arranged the $13.25 million refinancing of SOMA, a 69-unit luxury apartment community in Somerville, New Jersey. HFF worked exclusively on behalf of the borrower, Sterling Properties Group, LLC, to s.....»»
Arbor arranges apartment financing
Arbor Realty Trust funded a $10.6 million acquisition loan in Forest Park, GA. Arbor prov.....»»
Marcus & Millichap arranges student housing refiʼ
Marcus & Millichap Capital Corp. (MMCC) has arranged $16,000,000 million in refinancing for a student housing complex l.....»»
TRANSACTIONS: Meridian arranges $3.4M Connecticut loan, GCP secures $18M funding for Gravesend property
Arbor Realty Trust, Inc. announced the following loans: A Freddie Mac SBL deal in Carson, CA. Sky South Bay, a 13-unit multifamily property, received $2.8M in funding t.....»»
JLL arranges $32.5M SJP refinancing deal
JLL Capital Markets team has completed the refinancing of the 310,000 s/f Somerset Corporate Center IV in Bridgewater, N.J. JLL secured a $32.5 million refinance from Sterling National Bank on behalf of the owners, SJP Properties and PGIM Real Estate......»»
Selma biomass facility to resume operation after $59.8M refinancing
New life is being breathed into a Dallas County factory. The Zilkha Biomass Selma LLC pellet mill operation in Selma will resume operation after a $59.8 million refinancing by Houston-based Zilkha Biomass Fuels I LLC. The Alabama operation is using.....»»
Cronheim Capital arranges $19.5M refinancing of Dallas hotel
Cronheim Hotel Capital arranged a $19,500,000 refinancing of the Courtyard Dallas Carrollton and Conference Center. The loan was placed with a national lender and offered a 10-year term and 30-year amortization. The rate was locked .....»»
TRANSACTIONS: Arbor secures $156M in loans, Meridian arranges $10M on 81st Street
Select Commercial Funding announced the below closed transactions. All loan transactions were negotiated by Stephen A. Sobin, president and founder of Select Commercial. $2,757,798 loan for the acquisition of a 10.....»»
Houston"s basic-income participants plan to spend the $500 a month on rent and groceries — but the Texas Supreme Court temporarily blocked the program
Some Houston residents are set to start getting $500 a month in basic income for housing and groceries — if Texas Republicans don't shut it down. Uplift Harris will give $500 a month to partici.....»»
Blossom Hotel Houston opens restaurant backed by Michelin-starred chefs
The concept offers a blend of Japanese cuisine, dim sum and desserts......»»
Latinos contribute more to Houston GDP growth than non-Latinos, study shows
Houston's Latino population contributes more to the economic growth of the metropolitan area than the region's non-Latino population, a new study shows......»»
What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024
It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, aver.....»»
MidFirst Bank’s acquisition of Amerant Bank’s Texas assets to accelerate local growth
MidFirst Bank's acquisition of Amerant Bank's Texas assets will accelerate its growth in the Houston market, which it first entered in 2021......»»
Empowering small businesses in Houston: The 5 Cs of success and the role of community
In our work with small and midsize businesses across the country, we at Verizon Business see four key building blocks for success – connectivity, cybersecurity, collaboration, and cloud. Connectivity ensures smooth operations and communicat.....»»
Houston-based developer sets eyes on ABQ landmark, apartments planned
Amid Albuquerque's pressing housing demand, a Houston-based developer has set its sights on transforming a 17-story office city landmark into a hub of residential opportunity......»»
Houston universities help city claim a top 10 spot for innovation
Houston's universities contribute plenty to the region's innovation, and the study's authors suggested that there's more growth that can happen......»»