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DALLAS – A company has secured a $300 million loan for a proposed high-speed rail project from Dallas to Houston. Texas Central Partners will use the funds from Japanese sources to move forward with.
The seller was Brookfield, which had been a lender to the previous owner, TPMC, and acquired the property last year when TPMC.
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A $76.8 million loan for one of Houston’s larger hotels is facing default and has been transferred to special servicing, according to Fitch Ratings. The loan is for the 604-room Marriott Houston.
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