Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SPRING, TX-Spanish Oaks Center, a retail center at 25602 Interstate 45 N. in Spring, TX, has received $2 million fixed-rate financing with a 22-year amortization from StanCorp Mortgage Investors LLC.

Clay DeCarlo, vice president of GMAC Commercial Mortgage Corp.’s Houston retail production office, arranged the financing package for Spanish Oaks Center Ltd. The center, situated in suburb north of Houston, houses tenants such as Enterprise Rent-a-Car, Silver City Dance Hall and Saloon, Farmers Insurance, Firestone Tire & Service Center and Rain Forest Florist.

StanCorp Mortgage Investors is a five-year-old, niche lender that specializes in small-to-medium commercial mortgage loans. At the end of 1999, StanCorp reported servicing a $2.18-billion portfolio and produced $5.5 billion in income. Horsham, PA-based GMAC Commercial Mortgage has a servicing portfolio in excess of $108 billion. The Houston office reports that it closes at least one deal per week with an average loan value of $5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.