Accesso Partners Secures $49.6M Refinance Loan For Houston Office Building From Bank Of America

Accesso Partners, an investment manager based in Florida, has obtained a $49.6 million mortgage from Bank of America to replace the existing mortgage on a Houston office building located at 6330 West Loop South. The new loan provides fresh equity and has a five-year term. The office property is situated in the Houston market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $49,600,000
• Lender: Bank of America
• Landlord: Accesso Partners - Ariel Bentata
• Loan Type: Refinance
• Loan Terms: Five-year term and amortizes on a 30-year schedule

The loan was secured by Accesso Partners to refinance their existing mortgage on the Houston office building. The new loan was provided by Bank of America and amounts to $49.6 million. The loan has a five-year term and amortizes on a 30-year schedule. The loan carries an 8.18 percent coupon. Ariel Bentata, a representative of Accesso Partners, facilitated the transaction alongside Bank of America.