Houston Co-Working Office

The subject Property is a 2-story, 41,989 square foot industrial building used for mattress manufacturing situated on 1.41 acres in Houston, Texas (the “Property”). The Property is located in the urban Midtown/Arts District just east of Houston CBD, adjacent to the Washington Avenue corridor, an area with a vibrant restaurant, retail and creative office corridor. The Borrower purchased the Property with 100% equity and will begin a renovation to convert the Property into an upscale co-working office facility.

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  • Property Type Office
  • PurposeAcquisition
  • Gross Annual Coupon10.00%
  • Loan Amount$6,000,000
  • Loan to Value53.6%
Location

Houston, Texas

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