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HOUSTON-Three Houston properties have been given the green light for a combined $3.5 million in loans by Portland, OR-based StanCorp Mortgage Investors LLC, the financial division of Stanford Life Insurance Co.

The Texas Department of Human Services office building–44,671 sf at 9450-9460 Harwin St. in southwest Houston–leveraged a $1.4-million loan for Harwin Partners. The 10-year loan is amortized over 20 years.

Beltway Industrial Park got about $1.2 million for two freshly delivered industrial buildings, totaling 28,800 sf, at 11875 W. Little York in the city’s northwest submarket. It too is a 10-year loan. Allen Kinghorn of Kinghorn, Driver, Hough & Co. in Houston was the loan originator for office and industrial property owners.

Another new property, the 5,771-sf Stadium Shopping Center in the south submarket is the collateral for $900,000 in permanent financing. The borrower of record is Stadium Shopping Center Ltd., known in the market as Property Commerce. The center is situated at the intersection of Braesmain Road and Main Street. Buddy Hopson of Kinghorn, Driver, Hough & Co. arranged the 10-year financing. He says the center is fully leased.

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