Q10 KDH Vice Presidents Matt Franke and Emily Zarcaro arranged $6.4 million in financing for Texas Wholesale in Northwest Dallas, TX.
Lincoln Financial provided an acquisition loan with a 12 year fixed rate below 4% and 25 year amortization for the single tenant, net leased distribution warehouse which spans 127,000 square feet.
“On behalf of our repeat client, MacDougall & Associates, we were able to secure an attractive 12 year fixed interest rate for this sale-leaseback transaction. MacDougall had been actively targeting attractive investment opportunities in the Dallas market for several quarters, and the borrower moved quickly when this transaction became available. Lincoln Financial was attracted to the loan due to the asset’s excellent location at the intersection of two Interstate highways, the strong tenancy, and MacDougall’s expertise with this asset type. Working together, we were able to rate lock early at an attractive yield to the investors and close in less than 60 days.” – Matt Franke
The next Q10 KDH happy hour is on Nov. 2nd hosted by Emily Zarcaro, CCIM, MBA. Come enjoy a beer with fellow young commercial real estate professionals and get a chance to win Texans tickets! Thank you CCIM for your support and sponsorship.
This event is free of charge and no registration required. We hope to see you there!
Q10 KDH Vice President Travis Fite arranged $3,500,000 in financing for Sugar Land Office located in Sugar Land, Texas. An affiliated correspondent life insurance company provided cash out refinancing with a ten year fixed rate in the low 4’s and 25 year amortization for the “B” class office building.
“Working with a repeat borrower, we were able to deliver a life insurance company commitment just a few days beyond the signed application. The lender loved the recent property renovations and the subsequent leasing activity that occurred. Even through Hurricane Harvey, a cooperative lender and borrower made for a quick and easy closing.” – Travis Fite
Q10 KDH Vice President, Ryan Watson provided $10,000,000 in financing for two separate multifamily properties in Atlanta, GA. The small balance Freddie Mac loans carried and average interest rate of 4.30%. Both notes had a 30 year amortization and 1-2 years of interest only.
“The borrower was a repeat client of Q10 KDH, I was able to pull equity from the properties while also lowering their interest rate with the new notes.” – Ryan Watson
Realty News Report shares their research on Houston’s housing and real estate market. Get the full report: Realty News Report
Q10 KDH Vice Presidents Emily Zarcaro and Matt Franke secured $2,300,000 in acquisition financing with correspondent life insurance company Symetra Financial for Newk’s Retail Center in Houston, TX. The subject property is a brand new 9,640 SF retail center that is 100% occupied by three tenants. The center is an outparcel to a power center anchored by Super Target, Sam’s Club, and Home Goods. Zarcaro and Franke arranged 10 year fixed rate financing for an out of state borrower.
Q10 KDH is very pleased to announce that Rob Ramsey has rejoined the team as a Senior Associate after previously working with us from 2007-2013. Prior to joining KDH, Rob spent 3 years in a Senior Credit Analyst role with MidFirst Bank, where he was primarily responsible for underwriting commercial real estate loans, and managing the banks Houston commercial real estate loan portfolio.
Rob works with the KDH production team to assist with the analysis, evaluation and underwriting of proposed commercial real estate loan opportunities. He has more than 10 years’ experience in commercial real estate finance, including loan originations, underwriting, portfolio management and loan servicing.
Throughout his career, he has participated in the execution of numerous commercial real estate transactions covering a range of different property types. Capital sources for these transactions include life insurance companies, banks and CMBS lenders.
Rob is a native Houstonian and he and his wife Holly have two daughters together, Caroline and Noelle. He is a graduate of Texas A&M University where he received his BBA in Finance and he currently holds a Texas Real Estate Salesperson license. Welcome back Rob!
We are pleased to provide you with the Q10 KDH Texas Market Overview for the second quarter of 2017. Our attached report covers the four major Texas metro areas including Houston, Austin, Dallas, and San Antonio. In this report, you will find a detailed look into the second quarter for the Texas market along with the analytical research to summarize the information.
Full Report: Texas Market Overview