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Provident Lands Financing for 1.3M-SF Baytown Venture
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Provident Lands Financing for 1.3M-SF Baytown Venture
Provident Realty Advisors has obtained financing for the construction of Phase II of Port 99, a 1.3 million square foot, three-building industrial venture in Baytown, near the Port of Houston. PGIM’s Real Estate Investment Group provided a $30.4 million mezzanine construction loan. The mezzanine loan was provided alongside senior financing from Bank OZK, with Northmarq arranging the debt financing and joint-venture equity provided by Junction Co…
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