10 largest commercial loans in Houston Texas in 2023

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In 2023, Houston witnessed several significant commercial loan transactions, particularly in the multifamily real estate sector and broader middle-market space.

1. Multifamily Developments: Houston's multifamily market had a robust year, with over 21,500 new apartment units added. This spurred high-value loans to support the development and construction of these properties. Major developers secured substantial financing, with Houston leading multifamily deliveries nationwide​

   Texas Capital Bank

   The Real Deal

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2. Texas Capital's Syndicated Loans: Texas Capital Bank was ranked among the top 10 in U.S. middle-market loan syndications, closing loans up to $500 million. These loans covered various sectors, including real estate and corporate financing, contributing significantly to Houston's commercial landscape​

   Commercial Real Estate Loans in Texas

   
   

   In 2023, Houston's commercial real estate market faced challenges due to rising interest rates, tightening lending standards, and high office vacancies. Despite these hurdles, some significant commercial loans were made. For example, Parkway Property Investments sold the San Felipe Plaza for $83 million, 62% below its appraised value, reflecting the high vacancy and challenges in the office sector.

   Overall, the Houston market experienced a major slowdown, with sales down 74% in the first quarter compared to 2022, partly due to these financial constraints and a shift in office space demands. Some notable transactions included large office buildings like CityWestPlace, where Bechtel Energy expanded its space, and Callon Petroleum's move into a new building in the Katy freeway.

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