• 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.