Hartman Locks In $41.9M Credit Facility
The deal extends loan maturity to 2027 while fixing interest rates to protect against future market shifts.
September 12, 2025
Hartman Refinances Key Loan, Fortifies Texas Real Estate Portfolio
Hartman Properties just refinanced a $41.9 million credit facility with East West Bank. The new agreement pushes the maturity out to July 2027 and locks in more predictable terms. For a portfolio focused on Texas office and retail assets, that extra flexibility goes a long way.
The facility is backed by nine properties—eight office buildings and one retail location—spread across Houston and San Antonio. These are two of the most active commercial markets in the state. Demand from healthcare, energy, and professional services tenants remains strong, and Hartman’s portfolio reflects that.
Under the new terms, the interest rate is set at prime minus 0.25%. As of mid-August, that works out to 7.25%. But Hartman didn’t stop there. To manage rate volatility, the company worked with East West Bank to fix the rate at 6.49% for the next 24 months. That puts a cap on uncertainty and gives both parties a clearer outlook. The lender gets downside protection. Hartman gets cost stability.
This kind of structure matters. It gives Hartman more room to focus on what’s ahead—whether that’s leasing to new tenants or investing back into its properties. Recent lease extensions with medical and corporate tenants show that demand is there. The new credit terms make it easier to meet that demand without disruption.
The impact also goes beyond the buildings themselves. These properties house a mix of small businesses, regional offices, and essential service providers. By strengthening its financing position, Hartman can continue offering stable, well-maintained space for the companies that rely on it. That supports local jobs and keeps business momentum going in both cities.
Hartman’s approach is consistent: manage risk, maintain flexibility, and invest where it counts. The refinancing lines up with those priorities. It secures a lower cost of capital and opens the door to continued growth. For tenants, it means fewer interruptions. For investors, it means stronger positioning. And for the communities Hartman operates in, it signals long-term commitment.
With this deal in place, Hartman is set up to navigate shifting market conditions while continuing to deliver on its core strategy. The fixed rate, extended term, and portfolio focus all work together to keep the company aligned with both tenant needs and market realities.
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