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.
“A look at history shows that the retail real estate industry is incredibly resilient. Today, with the growth of the food & beverage sector, it is producing jobs for workers ready to meet consumers’ demand for new shopping and entertainment options.”
“Manufacturing jobs have dwindled nationwide, but one Texas metro saves endangered jobs. Houston supplies equipment and hardware for Texas’ energy sector, keeping area manufacturing jobs healthier than in other locations.” -Real Estate Center at Texas A&M University
Full report: Texas A&M University
More details: Connect Media
Connect Media opened its Texas office in Houston, and decided to get a pulse on the market. Office and retail experts in this economic outlook video discuss everything you need to know about the city, from oil slump recovery to new trends.