$16,575,000
Permanent
CMBS
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.