Pelican Builders & Ember Group Refinance Luxury Condo In Houston For $111M | 5656 San Felipe Street | Northwind Group | John Fenoglio | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

The Hawthorne, a luxury condo located at 5656 San Felipe Street in Houston, obtained $111 million in refinancing from Northwind Group. The property consists of 67 units and has attracted strong presales from local buyers.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $111,000,000
Market: Houston
Lender: Ran Eliasaf - Northwind Group
Landlord: Derek Darnell - Pelican Builders; Harry Masterson - Ember Group
Broker: John Fenoglio - CBRE

Pelican Builders and Ember Group successfully secured the $111 million financing for The Hawthorne from Northwind Group. The lenders, Northwind Group, witnessed a record-breaking start in 2024, lending a total of $310 million across various projects despite banks scaling back.

Players

All
3

Agents
1
Agencies
1
Lenders
1

John Fenoglio

Executive Vice President

CBRE

Northwind Group

Details

Deal Summary

FINANCED

IMAGE: Ran Eliasaf, Derek Darnell, Harry Masterson & John Fenoglio DATE: 02/20/2024 ADDRESS: 5656 San Felipe Street MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 67 LENDER: Ran Eliasaf - Northwind Group LANDLORD: Derek Darnell - Pelican Builders; Harry Masterson - Ember Group BROKER: John Fenoglio - CBRE (@CBRE) LOAN AMOUNT: $111,000,000 LOAN TYPE: Refinance NOTE: Pelican Builders and Ember Group secure $111 million financing from Northwind Group for The Hawthorne, a luxury condo in Houston. Strong presales to local buyers drive confidence in the market, with Northwind seeing a record-breaking start in 2024 lending $310 million across projects, amidst banks scaling back.

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Address5656 San Felipe Street

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