3650 REIT Originates $31M Loan to Construct Mixed-Use Housto

3650 REIT Originates $31M Loan to Construct Mixed-Use Houston Project


3650 REIT Originates $31M Loan to Construct Mixed-Use Houston Project
3650 REIT Originates $31M Loan to Construct Mixed-Use Houston Project
3650 REIT, a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, is pleased to announce it has originated a $31 million loan for the construction of 4411 San Felipe, a 95,000-square-foot mixed-use project consisting of retail and office space located at 4411 San Felipe Street in Houston, Texas. The loan carries a term of 30 months and is provided to sponsor DC Partners, a Houston-based development and investment firm with a portfolio comprising 1.5 million square feet and $500 million currently in development.
We are pleased to close the year strong with this loan for the San Felipe project, which involves a best-in-class sponsor with a clear path to deliver high-end office and boutique retail space in the desirable Post Oak Park submarket of Houston, said 3650 REIT Co-Founder and Managing Partner Jonathan Roth. With our origination of over $125 million on our bridge and event-driven platform this month alone, we head into 2021 with great momentum, and look forward to capitalizing on the many opportunities we see to meet borrowers unique needs and continue to grow our differentiated lending platform.

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