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Matthew M. Wideman Of The Wideman Company Secures $45M Refinance From International Bank Of Commerce For Office Tower In Houston

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FINANCED
$45,000,000

Texas

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Office894,000 SF
Financed 10/28/2025
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Property Image
FINANCED

Matthew M. Wideman Of The Wideman Company Secures $45M Refinance From International Bank Of Commerce For Office Tower In Houston

712 Main Street

See Similar Deals
Office894,000 SF
Financed 10/28/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:894,000 SF
Transaction Type:Loan

The Wideman Company secured a $45 million refinancing from International Bank of Commerce for The Jones on Main, an 894,000-square-foot office tower at 712 Main Street in downtown Houston. The property is LEED Silver-certified and home to tenants such as JP Morgan and Lionstone. It was acquired by Wideman in 2024 and underwent last renovation in 2017.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $45,000,000
  • Address: 712 Main Street
  • Market: Houston
  • Lender: International Bank of Commerce
  • Landlord: Matthew M. Wideman - The Wideman Company
  • Asset Size: 894,000 SF
  • Loan Type: Refinance

Matthew M. Wideman, representing The Wideman Company, facilitated the refinancing process for the property located at 712 Main Street. The transaction involved strategic financial planning to enhance the asset's value and operational efficiency within the downtown Houston market.

Players

IBC Bank
IBC Bank
LENDER

Details

FINANCED
IMAGE: Matthew M. Wideman DATE: 10/28/2025 ADDRESS: 712 Main Street MARKET: Houston ASSET TYPE: Office ~ SF: 894,000 LENDER: International Bank of Commerce (@IBCBankWeDoMore) LANDLORD: Matthew M. Wideman - The Wideman Company LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance NOTE: The Wideman Co. secured a $45 million refinancing from International Bank of Commerce for The Jones on Main, an 894,000-square-foot office tower at 712 Main St. in downtown Houston. The historic, LEED Silver-certified property—home to tenants like JP Morgan and Lionstone—was acquired by Wideman in 2024 and last renovated in 2017.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00