Natixis Corporate & Investment Banking has provided $50.69 million in floating-rate financing to affiliates of SRJ Real Estate Investments for the acquisition of The Grayson at Baybrook
NEW YORK, June 7, 2022 /PRNewswire/ — Natixis Corporate & Investment Banking has provided $50.69 million in floating-rate financing to affiliates of SRJ Real Estate Investments for the acquisition of The Grayson at Baybrook, a 322-unit, Class A, garden style, multifamily property located at 1900 Glenwest Drive, Friendswood, Texas. The loan will be used for the acquisition of the property and unit renovations.
The property is in the Clear Lake submarket of Southeast Houston, approximately 20 miles southeast of downtown Houston. Clear Lake is home to NASA’s Johnson Space Center and the aerospace facilities of Boeing, both major employers in the region. In addition, the Houston Spaceport, one of the few FAA licensed, urban commercial spaceports in the US, is in the submarket and under construction.
SRJ Real Estate Investments debt placement was represented by Tucker Knight other Carl Rasmussen in Berkadia’s Houston office.
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Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
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