3650 REIT Provides $31M Construction Loan for Office, Retail Project in Houston

The office and retail project at 4411 San Felipe in Houston is expected to be complete in early 2022.

HOUSTON — Miami-based lender 3650 REIT has provided a $31 million construction loan for an office and retail project that will be located at 4411 San Felipe St. in Uptown Houston. The property will consist of three floors of office space and ground-floor retail space. Michael Fleischer and Shin Bowers of 3650 REIT originated the 30-month loan to DC Partners, a Houston-based developer. Completion is slated for January 2022.