Woodhouse Secures $33M Refinance for Houston Office Asset
Woodhouse has successfully secured a $33 million refinancing loan for 4411 San Felipe, a 94,825-square-foot Class A office building located in Houston. The financing, a three-year floating-rate loan, was issued by Tannenbaum Capital Group. JLL Capital Markets brokered the transaction on behalf of Woodhouse.
This refinancing follows last month’s $45 million bridge loan provided by Southern Realty Trust, indicating strong lender interest in the property.
Woodhouse has held ownership of the asset since 2022, when it acquired the property from DC Partners using a $44 million acquisition loan. Originally delivered in 2021, the seven-story building includes 15,151 square feet of ground-floor retail space.
The property is fully leased, with major tenants such as Park House Houston, which occupies 41,000 square feet under a lease set to run for another eight years. Other tenants include Ciel Restaurant, Fountain Life, and Advancial Federal Credit Union.
JLL’s debt advisory team, led by John Ream and Cassie McIntosh, arranged the financing on behalf of the borrower.
