Ashland Street
Houston, TX

Investment Type: Senior Loan
Property Description: Office Refinancing
Loan Amount: $28MM

  • MRC originated a $28MM first mortgage loan collateralized by a six-story Class A, 191,676 GSF medical office building located on a 3.95-acre site in The Heights neighborhood of Houston, TX.

  • The Borrower plans to complete lease-up and associated tenant improvement work over the course of 12 months. 

  • The Property has 309 parking spaces across four separate lots, and is currently 95.4% leased to three medical tenants.

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