Terry Montesi Of Trademark Property Company Secures $55 Million Refinancing Loan For 281,000 SF Mixed-Use Asset

The asset involved in this transaction is a mixed-use property located at 1701 River Run in Fort Worth, Texas. The property encompasses a total of 281,000 square feet, primarily comprising office and retail spaces. It has secured a refinancing loan amount of $55,000,000, aimed at replacing a previous loan from JP Morgan taken out in 2016. Currently, the office section of the property is 97% leased, while the retail section is fully occupied.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $55,000,000
• Address: 1701 River Run
• Market: Fort Worth, TX
• Asset Size: 281,000 SF
• Lender: PGIM
• Landlord: Terry Montesi - Trademark Property Company
• Loan Type: Refinance

Trademark Property Company, represented by Terry Montesi, is planning to retain ownership of the property while continuing to expand the mixed-use campus. The refinancing agreement marks a strategic financial move for the company as it replaces its previous financial commitments related to the asset.