Provident Lands Financing for 1.3M-SF Baytown Venture
Provident Realty Advisors has obtained financing for the construction of Phase II of Port 99, a 1.3 million square foot, three-building industrial venture in Baytown, near the Port of Houston. PGIM’s Real Estate Investment Group provided a $30.4 million mezzanine construction…
Provident Realty Advisors has obtained financing for the construction of Phase II of Port 99, a 1.3 million square foot, three-building industrial venture in Baytown, near the Port of Houston. PGIM’s Real Estate Investment Group provided a $30.4 million mezzanine construction…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate construction financing transaction with a typical mezzanine loan; it does not represent a novel structure or signal broader market impact.
Sources
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Provident Lands Financing for 1.3M-SF Baytown Venture
Provident Realty Advisors has obtained financing for the construction of Phase II of Port 99, a 1.3 million square foot, three-building industrial venture in Baytown, near the Port of Houston. PGIM’s Real Estate Investment Group provided a $30.4 million mezzanine construction…