NorthMarq Capital’s Houston office arranges refinance of Alexan Auburn Lakes in Spring, Texas
HOUSTON (March 21, 2017) – Kerry French, senior vice president/managing director of NorthMarq Capital’s Houston-based regional office, negotiated the refinance of Alexan Auburn Lakes, a 346 unit multifamily property located at 6000 West Rayford Road in Spring, Texas. The transaction was structured with a 7-year term featuring 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “Our borrower sought a long term loan for this new apartment community located near Houston’s recently completed Grand Parkway, adjacent to the desirable Woodlands marketplace. I determined that NorthMarq could deliver all of the borrower’s requirements within one of our Freddie Mac loan structures,” French explained. “Both were very pleased with the outcome.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
