Woodhouse has secured a $33 million refinancing loan for 4411 San Felipe, a 94,825-square-foot office building in Houston. Commercial Edge reports that Tannenbaum Capital Group issued the three-year floating-rate note in a transaction brokered by JLL Capital Markets on behalf of the borrower.

Last month, the property became the subject of a $45 million bridge loan provided by Southern Realty Trust. 

The asset has been under Woodhouse’s ownership since 2022, when the company purchased it from DC Partners, using a $44 million acquisition loan.

The Class A seven-story property was delivered in 2021 and features 15,151 square feet of first-floor retail space. 

Park House Houston has 41,000 square feet under lease for eight more years. The tenants also include Ciel Restaurant, Fountain Life and Advancial Federal Credit Union. The property is currently fully leased.

JLL’s John Ream, along with Cassie McIntosh, led the debt advisory team that arranged financing on behalf of Woodhouse.