Stafford Office Park

Property Name: Stafford Office Park
Location: Stafford, TX
Property Type: Office
Transaction Type: Bridge Financing
Loan Amount: $5,000,000
Details: Q10 KDH Vice President Travis Fite and Senior Vice President Buddy Hopson arranged $5 million in bridge financing for Stafford Office Park. The 93,000 SF building is located at 11104 W. Airport Blvd. in Stafford, Texas. The bridge lender provided the funding with an interest rate floating over LIBOR for a two-year term. “To finish up leasing of the Stafford office property, our repeat client needed access to bridge capital to pay off the existing debt, fund leasing reserves, and even obtain a small equity recapture. We placed them with a lender who was aggressive with a non-recourse bridge structure. Both lender and borrower worked together to ensure a smooth closing that will give ownership the time and resources it needs to lease up to stabilization.” - Travis Fite
More Info: Travis Fite at 713-871-5895 or contact me