News

Class A Mixed Use Retail Property Financed in Houston

 

Ray Driver, Matt Franke & Adam Unger of Q10 KDH arranged financing for Boardwalk at Towne Lake.  Boardwalk is a class A mixed use property located in the northwest region of Houston, TX.

Long term fixed rate financing was provided by Q10 KDH correspondent lender, Thrivent Financial.  The asset spans over 124,800 square feet for retail, restaurant, and office use.

“KDH has a long relationship with Caldwell Companies, and we’ve witnessed their Towne Lake master planned development blossom since the project’s initial inception.  The financing assignment was very specific, and we surveyed a broad spectrum of prospective lenders including banks, private lenders, debt funds and life insurance companies.  Working with the borrower, we filtered numerous competitive loan proposals and ultimately selected our correspondent lender, Thrivent Financial, based upon their combination of rate, loan term, and prepayment flexibility.  Caldwell secured an early rate lock when the application was signed, and together we processed the loan as a team.  Our borrower benefits from a long term  fixed rate loan and Thrivent is comfortably secured by the regions’ premier mixed use development.” – Matt Franke