Acquisition financing for a new 206,795 SF, Class A industrial property situated in a rapidly expanding industrial Opportunity Zone west of Houston, Texas.

The property comprises 14 separately parceled buildings ranging in size from 7,000 SF to 31,000 SF.

Low leverage loan with an attractive loan basis.

At the time of closing, the property was vacant and was nearing receipt of its Certificate of Occupancy.

Loan was structured with a facility to fund tenant improvements as needed and to cover carry costs until stabilization.