HOUSTON – Transwestern’s Houston headquarters today announces Arabella has been named the “Deal of the Year” in the residential real estate category by the Houston Business Journal. There were seven finalists in the category, selected based on deal size, competitive landscape and economic impact on the Houston area.
Transwestern Managing Directors Jan Sparks and Michael Snodgrass arranged the construction financing on behalf of developer Randall Davis of D.C. Partners. Arabella is a luxury condominium tower to be developed on the southeast corner of San Felipe Road and Westcreek Lane. The 33-story property, which will have a total of 99 residences, is scheduled for completion in the fall of 2017.
“Arabella’s financing structure was an extremely complex transaction as it was comprised of numerous tranches of capital, including a first lien construction loan, mezzanine construction loan and multiple EB-5 investors, along with local and international equity partners,” said Snodgrass. “We couldn’t be more honored to win Deal of the Year as our category was filled with premier world-class projects.” Read More