Houston Office Building Owners Ink $250M Refi
PRP Real Assets and Riyad Capital secured a $250 million CMBS loan to refinance 777 Hidden Ridge, a 1.1 million-square-foot office property in Irving, Texas. Commercial Search reports that Bank of America originated the two-year, interest-only note with three one-year extension…
PRP Real Assets and Riyad Capital secured a $250 million CMBS loan to refinance 777 Hidden Ridge, a 1.1 million-square-foot office property in Irving, Texas. Commercial Search reports that Bank of America originated the two-year, interest-only note with three one-year extension…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate refinancing involving a large but not unprecedented CMBS loan on a single office property, with no novel structure or broader market impact.
Sources
Connect CRE
Houston Office Building Owners Ink $250M Refi
PRP Real Assets and Riyad Capital secured a $250 million CMBS loan to refinance 777 Hidden Ridge, a 1.1 million-square-foot office property in Irving, Texas. Commercial Search reports that Bank of America originated the two-year, interest-only note with three one-year extension…