Levcor Inc. Secures $68M Loan For Marq*E Entertainment Center In Houston

The Marq*E Entertainment Center in Houston, Texas has received a loan for refinancing. The entertainment venue, housing various restaurants, bars, and entertainment concepts including Dave & Buster’s and Edwards Cinema, was originally developed in 2003. Levcor Inc. purchased the center in 2014 when it was 94 percent occupied.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $68,000,000.00
• Address: 7620 Katy Fwy, Houston, TX, 77024
• Market: Houston
• Borrower's Reps: Tom Fish(Walker & Dunlop), Tom Melody(Walker & Dunlop), Wes Wallace(Walker & Dunlop)
• Lender: LoanCore Capital

Jimmy Board and JLL were also involved in the debt placement for Levcor Inc. LoanCore provided a nonrecourse, floating-rate loan, with a portion of the funds allocated towards property improvements.