March 28, 2024
Prime Rate
8.50%
5.19%
4.23%
3.85%
Photo of Lakewood Forest
Property Type
Retail
Transaction Details

$16,575,000 Permanent
CMBS

Transaction Name
Lakewood Forest
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Transaction Details

Essex Financial Group arranged a $16.58 million non-recourse loan for the refinance of a 108,016 square foot retail property called Lakewood Forest Plaza in Houston, TX. The center, anchored by Stein Mart, also contains a strong lineup of local and national tenants including The Egg and I, Subway, Domino’s Pizza, Mattress Firm, and The UPS Store. Michael Salzman arranged the fixed-rate loan, which was placed with one of Essex Financial Group's mortgage backed security conduit lenders.