HOUSTON, Nov. 24. 2025 –  JLL Capital Markets announced today that it has secured a loan to refinance 4411 San Felipe, a Class AA mixed-use project located in Houston's prestigious River Oaks neighborhood. The loan has an initial funding of $33 million with additional future funding available.

JLL worked on behalf of the borrower, PH 4411 Houston RE Holdings, in arranging a three-year, floating-rate loan through Tannenbaum Capital Group.

4411 San Felipe is strategically positioned at 4411 San Felipe St. in one of Houston's most exclusive neighborhoods, sitting on 1.24 acres just 250 meters from River Oaks District. The seven-story, 94,825-square-foot property is 100% leased and anchored by Park House Houston, a private social club that has grown to 2,000 members since opening in April 2024.

The mixed-use development features a diverse tenant mix including Park House Houston's luxury social club and executive office space, Ciel Restaurant offering Japanese-French fusion cuisine, a luxury fitness center tenant, Fountain Life wellness services and Advancial Federal Credit Union.

Park House Houston occupies 41,044 square feet across multiple floors and operates under a lease extending through December 2033. The club currently maintains a waiting list of 1,100 prospective members.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Director John Ream along with Analyst Cassie McIntosh.

"4411 San Felipe represents a unique luxury mixed-use asset with exceptional tenant credit quality in Houston's most affluent submarket," said Ream. "The property's 100% occupancy, long-term lease structure and prime River Oaks location made it an attractive refinancing opportunity."

The property benefits from River Oaks' exceptional demographics, with average household incomes exceeding $200,000 within a one-mile radius and average individual net worth of $4-5 million. The surrounding area features 70% bachelor's degree attainment among residents age 25 and older, with home values ranging from $1 million to over $40 million.

Built in 2021 and acquired in 2022, 4411 San Felipe includes four levels of valet parking and serves Houston's premier business districts including the Galleria, Greenway Plaza and downtown CBD.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefiting from economic tailwinds with growth potential. For additional information regarding TCG, please visit www.theTCG.com.