LIVE OAK ARRANGES $7 MILLION INDUSTRIAL LOAN
HOUSTON — Houston-based Live Oak Capital has arranged $7 million in fixed-rate, permanent financing for Office Pavilion – Houston, a 108,048-square-foot flex property located in Houston. Situated on 8.52 acres, the property comprises a single-story, 83,200-square-foot distribution building and a two-story, 24,848-square-foot office building. The property was completed this month; it is presently configured as a single-tenant furniture warehouse, showroom and distribution facility, and provides space for the Houston area distributor of Herman Miller office furniture. John Fenoglio of Live Oak Capital secured the financing on behalf of the borrower, locally based SASL LLC, with the lender, National Integrity Life Insurance Co. (Eagle Realty). It was recently announced that Charlotte, N.C.-based Grandbridge Real Estate Capital has made plans to acquire Live Oak Capital.