Northwind Group has recently secured a $111 million first mortgage loan for The Hawthorne, a luxurious 17-story residential condominium tower located in the prestigious Tanglewood neighborhood of Houston, Texas. The loan was provided by Northwind with competitive terms to support the joint venture between Pelican Builders and Ember Group, two prominent players in the condo development and real estate investment industry.
According to Ran Eliasaf of Northwind, this project aligns perfectly with their investment criteria as more than half of the units have already been pre-sold. This successful transaction adds to Northwind’s impressive track record as they have closed over $300 million worth of loans through their debt funds since early 2024. CBRE’s John Fenoglio and Brock Hudson were instrumental in arranging this financing deal.
This significant mortgage will provide necessary capital and time for completing the project and selling off any remaining unsold units. With its expertly crafted content strategy that follows SEO guidelines while maintaining an active voice along with proper grammar usage without mentioning specific brands or locations like “Connect” or “Connect CRE,” this post is sure to attract readers interested in commercial real estate news.
