Berkadia Secures $16.1 Million Refinance For KC Partners Biomanufacturing Facility In Houston

The asset involved in the transaction is a 48,440-square-foot biomanufacturing facility located at 4551 Kennedy Commerce Drive in Houston. The property is fully leased to CellReady and is managed by KC Partners.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,100,000
• Loan Type: Refinance
• Loan Terms: Five-year loan with a fixed interest rate of 6.7%, 30-year amortization schedule, and 65% loan-to-value ratio
• Landlord: KC Partners
• Market: Houston
• Brokers: Mike Cerny, Patrick Abeln & Sabrina Solomiany - Berkadia

Berkadia secured the refinancing for the property on behalf of KC Partners, facilitating the deal through their team of brokers, which includes Mike Cerny, Patrick Abeln, and Sabrina Solomiany.