BofA Lends $85M To Houston Office

Bank of Americahas provided $85 million of financing for an office building in Houston owned byBehringer Harvard,Commercial Real Estatereports. The loan is part of a $100 million debt that also includes a $15 million mezzanine loan arranged byNorthMarq.

Behringer has used the proceeds to retire $119.1 million of debt due under a credit facility that was to mature in December. The company has unencumbered four properties by paying off the debt.

Click here for the story fromCommercial Real Estate.