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 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
Get the full story from the Houston Business Journal.
A team led by Q10 KDH Vice President Matt Franke, Vice President Dave Holland and Principal Ray Driver, III procured $40 million in financing for Sun Chase, a 1,600 acre Master Planned Community located in Austin, Texas. On behalf of Qualico CR, LP, Matt and the KDH team facilitated financing of the multi-year, multi-phased development. Sun Chase’s Phase I will include 470 single family homes, mixed residential, commercial and multifamily components. Subsequent phases will include single family development, multifamily, and retail. In addition, Sun Chase will feature private and public parks, schools, hike and bike trails, and greenbelt areas.
“Our company motto at KDH is ‘Growth Through Relationships’ and this transaction is the embodiment of that message. By that, I’m referencing our relationship with Qualico that was established more than 6 years ago and has been strengthened through this most recently closed financing. Like most transactions, this one had its ups and downs and ended up taking substantially longer to close than we initially anticipated. In this case, getting our lender to issue the loan commitment was more or less routine but the real challenge was getting the closing team comfortable with the large 1,600 acre land assemblage that served as our primary collateral. Fortunately, we were able to coordinate closing efforts through frequent calls with the team, and our competent and professional surveyor and title company reps were able to provide the need supporting docs to lender’s satisfaction.
I’m really looking forward to watching this master planned community grow and mature in coming years. With its proximity to the Austin-Bergstrom Airport, the new Circuit of the Americas and numerous employment options, I’m confident that Sun Chase will be another of Qualico’s successful communities.” – Matt Franke
Q10 KDH Vice President, Emily Zarcaro, is our Highlighted Producer for June! See what she’s been up to and all the hard work she’s been putting in for our team here.
Great job Emily!
Ryan Watson, Vice President at Q10 KDH closed three retail/industrial loans in one week totaling over $18,000,000 in loan fundings. All three loans were closed with Q10 KDH correspondent life companies, Advantus Capital Management, Stancorp Mortgage Investors, and Symetra Life Insurance. The properties included a 146,000 sf retail center, a 175,000 sf retail center, and a 22,000 sf warehouse facility.
“Closing three loans of this size in one week was difficult, but I was especially pleased with our correspondent life companies meeting the needs of our clients to facilitate all three loans.” – Ryan Watson
Q10 KDH has closed a variety of loans across the country to kick off the first half of 2017. Reach out to any member of our team if you have financing needs of your own or have questions on how we can help with your next project.
See our full list of highlighted properties.