GSH Closes Project Finance with Fairway America and Texas Citizens Bank
July 2, 2017 - Nassau Bay, Texas - GreenSpace Holdings announced today that they have completed project finance for their facility located on Westminister Road in Pearland, Texas. Fairway America underwrote and approved funding for this brand-new, first-of-its-kind facility in a strong location in the Houston, Texas submarket. Fairway made a $2.5M co-investment available to its customers. Debt was provided by Texas Citizens Bank.
"Several local lenders provided strong indicitive term sheets, so we were very pleased that our design was readily accepted by the lending community" said GreenSpace Holdings CFO, David Ledoux. "We chose Texas Citizens Bank over other very strong lenders because they understood what we were doing and spent the time necessary to vet our project with both our team and our general contractor" Ledoux added.