The voice of Houston’s banking community
Loan syndications, capital raises, notable closings, and deal-flow discussion among Houston lenders.
Putting together a reserve-based lending facility for a mid-cap Permian operator. Lead is a Top 20 bank, looking for $10-15M tickets from Houston community and regional participants. PDP-heavy collateral, solid hedging program.
Just closed a construction-to-perm for a 280-unit mixed-use project in Sugar Land Town Square. Three-bank club deal, SOFR + 275 with a 65% LTC. Sharing structure notes for anyone working similar suburban deals.
Q1 SBA numbers are out and a few Houston shops are dominating the 7(a) league tables. Anyone have insight into how Allegiance Bank is generating that volume? Their turnaround times seem impossibly fast.
Seeing some aggressive pricing on midstream revolvers out of the Houston market. One deal came in at SOFR + 200 for a BB-rated pipeline operator. Is the competition driving this, or has the risk appetite genuinely shifted?
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