Arriba Capital Closes a $3,360,000 Refinance: Katy, TX

Arriba Capital successfully closed a $3,360,000 loan on a 10,000 S/F retail center in Katy, TX. The property was 89% pre-leased at closing, with tenants in procession of their space and in the process of completing their respective tenant-improvements. The loan was leveraged to 70% of value and priced at 4.27%.

The borrower is an experienced, privately held, restaurant group that currently owns and operates restaurants in Texas, Wisconsin, & Indiana.