C2R Capital closed a $6.2 million note purchase and restructured senior secured financing collateralized by an urban infill retail center in Houston’s Montrose corridor.

The collateral included a 26,522 SF retail center and adjacent parking tract totaling approximately 58,500 SF of land. Although the property was only 12% occupied at closing, C2R underwrote the transaction primarily on the strength of the underlying land basis.

The financing resolved a defaulted senior note and provided the sponsor with time to re-tenant the property, stabilize income, and pursue a refinance or sale. The deal reflects C2R’s ability to provide short-duration capital for complex, transitional assets where speed, structure, and collateral discipline are critical.