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Saber Street And Virtus Real Estate Capital Secures $41.1M Refinance Loan For Houston Medical Office

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FINANCED
$41,100,000
Rob Choksi
Chris Haley
Terrell Gates

Texas

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Medical Office102,474 SF
Financed 10/03/2025
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Property Image
FINANCED

Saber Street And Virtus Real Estate Capital Secures $41.1M Refinance Loan For Houston Medical Office

8731 Katy Freeway

See Similar Deals
Medical Office102,474 SF
Financed 10/03/2025
Rob Choksi
Chris Haley
Terrell Gates
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Medical Office
Price Per Square Foot:$401
Total Square Footage:102,474 SF
Transaction Type:Loan

A $41.1 million refinancing loan was secured for a 102,474 square foot medical office located at 8731 Katy Freeway in Houston. The property is known as Hedwig Place and was completed in 2019. It is anchored by Texas ENT Specialists and Memorial Plastic Surgery, and was previously financed with a $41.1 million loan from Citibank in 2021.

Summary of transaction details:

Rob Choksi and Chris Haley, representing Saber Street, along with Terrell Gates from Virtus Real Estate Capital, were key players in the transaction. Their joint efforts facilitated the refinancing process and solidified the financial standing of Hedwig Place in the market.

Players

First Citizens Bank
First Citizens Bank
LENDER
Rob Choksi
Saber Street
Rob Choksi
1 deal$41.1M volume
LANDLORD
Chris Haley
Saber Street
Chris Haley
1 deal$41.1M volume
LANDLORD
Terrell Gates
Terrell Gates
3 deals$41.1M volume
LANDLORD
VC
Virtus Real Estate Capital
LANDLORD
Saber Street
Saber Street
LANDLORD

Details

FINANCED
IMAGE: Rob Choksi, Chris Haley & Terrell Gates DATE: 10/03/2025 ADDRESS: 8731 Katy Freeway MARKET: Houston ASSET TYPE: Medical Office ~ SF: 102,474 LENDER: First Citizens Bank LANDLORD: Rob Choksi & Chris Haley - Saber Street (@SaberStreetCRE); Terrell Gates - Virtus Real Estate Capital LOAN AMOUNT: $41,100,000 LOAN TYPE: Refinance NOTE: Saber Street and Virtus Real Estate Capital secured a $41.1M refinancing loan from First Citizens Bank for Hedwig Place, a 102,474 SF medical office in Hedwig Village, TX. The property, completed in 2019 and anchored by Texas ENT Specialists and Memorial Plastic Surgery, was previously financed with a $41.1M Citibank loan originated in 2021.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,100,000.00

Monthly NOI$274,000.00
Monthly Debt Service$259,779.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00