The timing for Empire West could not be better given the location, the surge in e-commerce related warehouse demand and the Houston region’s continued population growth, which recently eclipsed 7 million people.
Provident needed to close the Star loan transaction in less than two weeks, while in the middle of the COVID shutdown, so PCCP moved quickly and provided a creative solution for the complex transaction.
The pandemic’s impact has caused uncertainty in the traditional residential transition loan market, despite fundamentals for housing remaining “relatively stable.”
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