Bank of America has provided $85 million of financing for an office building in Houston owned by Behringer Harvard, Commercial Real Estate reports. The loan is part of a $100 million debt that also includes a $15 million mezzanine loan arranged by NorthMarq. 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.
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