3650 REIT Originates $31M Loan to Construct Mixed-Use Houston Project
3650 REIT Originates $31M Loan to Construct Mixed-Use Houston Project 3650 REIT, a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, is pleased to announce it has originated a $31 million loan for the construction of 4411 San Felipe, a 95,000-square-foot mixed-use project consisting of retail and office space located at 4411 San Felipe Street in Houston, Texas. The loan carries a term of 30 months and is provided to sponsor DC Partners, a Houston-based development and investment firm with a portfolio comprising 1.5 million square feet and $500 million currently in development. We are pleased to close the year strong with this loan for the San Felipe project, which involves a best-in-class sponsor with a clear path to deliver high-end office and boutique retail space in the desirable Post Oak Park submarket of Houston, said 3650 REIT Co-Founder and M