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