Black Bear Capital Partners Secures $5.4M Loan To Refinance Houston Office Building

The office building located at 333 North Belt & 333 N Sam Houston Pky E in Houston, TX has recently undergone a refinancing transaction. The twelve-story Class B office building spans a total of 220,708 square feet. The property, represented by Brandon Harris of Black Bear Capital Partners, caught the attention of lenders for its potential.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,437,000

The refinancing deal involved a five-year floating rate loan at a loan-to-value (LTV) ratio of 75%. The financing terms feature a floor rate of 4.75%, 18 months of interest-only payments, and a flexible prepayment structure, providing the borrower with financial flexibility. A balance sheet lender stepped in to provide the financing for this transaction, helping to bolster the stability of the asset.

With the assistance of Brandon Harris from Black Bear Capital Partners, the refinancing of the office building at 333 North Belt & 333 N Sam Houston Pky E in Houston, TX was successfully completed. The deal showcases the expertise and resourcefulness of the individuals and companies involved in the transaction, securing the property's financial future.