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
Q10 KDH Vice President, Larry Peters, is our Highlighted Producer for July! He’s on track to make 2017 a very productive year. See what he’s been up to here.
At 19.5%, downtown Houston’s vacancy rate is still well above the national average of around 14%.
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