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PCCP Provides $55.2MM Senior Loan for the Development of 17-Story Luxury Condo Project in Houston, TX


Los Angeles, Calif., June 16, 2015 – PCCP, LLC announced today that it has provided a $55.2 million senior loan to a joint venture between The Carlyle Group and Pelican Builders for the ground-up development of The Wilshire, a 17-story, 96-unit luxury condominium project in the River Oaks submarket of Houston, Texas. Construction is underway with completion of the project anticipated for mid-2017.  The financing was arranged by Adam Allen of ARA Houston. 

06/16/2015 - 22:30



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