Priority Capital Advisory Secures $26.6 Million Refinance for Houston's Energy Corridor Office Tower

Priority Capital Advisory has announced the arrangement of a $26.6 million bridge refinance for 2 Westlake, a 467,609-square-foot Class A office tower located in Houston's Energy Corridor. This significant financial move was made on behalf of Younan Company, a global private equity firm that acquired the property in December 2022. The refinancing underscores the confidence in the asset's value and the Energy Corridor's continued growth as a prime location for businesses.

Since its acquisition, Younan Company has invested in substantial renovations, including a comprehensive lobby remodel, transforming 2 Westlake into a modern office space that is currently 56% leased. The property, set on 5.4 acres within the Westlake Park office complex, offers 22,500-sf floorplates and a suite of amenities designed to attract tenants. These include a full-service deli, coffee bar, conference center, tenant lounge, and fitness facility, making it a standout option in Houston's suburban office market.

Zachary Streit, Founder and President of Priority Capital Advisory, highlighted the challenges of refinancing an office asset in the current economic climate. The firm engaged over 100 capital providers before securing a lender that believed in the asset's potential and the sponsor's business plan. This financing not only allows the borrower to retire maturing debt but also funds tenant improvements and secures the necessary runway to stabilize the newly renovated asset.

The Energy Corridor, strategically positioned along Interstate 10, has seen renewed growth over the past 12 to 18 months. Its appeal is bolstered by institutional-quality office stock, proximity to affluent neighborhoods, and an expanding base of high-end retail and mixed-use developments. With increasing leasing activity and continued infrastructure investment, the area remains one of Houston's most dynamic and desirable office submarkets.

Priority Capital Advisory, since its inception just over a year ago, has closed more than $500 million in debt financing across 21 transactions. The firm's ability to deliver liquidity solutions in challenging capital markets has earned it a reputation for efficiency and reliability. For more information on Priority Capital Advisory, visit https://www.prioritycapitaladvisory.com.