June 17, 2020
Commercial mortgage banking firm Gantry arranged a $7,400,000 loan to refinance Houston Woodlands 45, a 63,373-square-foot multi-tenant office building located in Spring, just north of Houston. Principal Patrick Barkley and senior associate Chad Metzger, both of Gantry’s Phoenix office, arranged the permanent financing with a correspondent life insurance company.
Barkley said, “The property benefits from a prime location between Houston and the affluent Woodlands community along the I-45 transportation corridor. The life insurance company liked the borrower and how he was maintaining the property. It was a very smooth process in a tumultuous time in the market. Having quality life insurance correspondents is a huge benefit to our clients.”
The two-story, Class A property is located at 24624 Interstate 45 in Spring. The building features monument and directory signage available to tenants, two lobbies with plenty of seating, large floor plates and cardkey security system for 24-hour access.
For comments, questions or concerns, please contact Paul Bubny