Pelican Builders & Ranman USA Secures $89M Construction Loan For Houston Condo On San Felipe St
5656 San Felipe Street
3,067 SF
Financed 1 year ago
Summary
The construction of a new condominium in Houston has received a significant loan of $89,000,000. The property, located at 5656 San Felipe St, consists of 67 units and is being developed by Pelican Builders and Ranman USA. The loan, provided by ACRES Capital and facilitated by Drew Miller, is a construction loan with an initial term of 36 months.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $89,000,000
- Address: 5656 San Felipe St
- Market: Houston
- Units: 67
Steven Buchwald of Mission Capital represented the borrower in this transaction. He played a crucial role in securing the loan from ACRES Capital. This deal highlights the collaboration between developers, Pelican Builders and Ranman USA, who are working together to bring this condominium project to life.
Players
Details
View on map
Loading...
5656 San Felipe Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want