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

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:

• Property Type: Medical Office
• Transaction Amount: $41,100,000
• Lender: First Citizens Bank
• Landlord: Rob Choksi & Chris Haley - Saber Street; Terrell Gates - Virtus Real Estate Capital
• Loan Type: Refinance

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.