January 15, 2016

NorthMarq Capital arranges $8,000,000 in financing for a mixed-use property in Pearland, Texas

Mixed-Use Property

Debt & Equity

Multi-Tenant

HOUSTON (January 15, 2016) – John Burke, managing director of NorthMarq Capital’s Houston based regional office arranged an $8 million interest-only, fixed-rate loan for a mixed-use office and retail property located on Broadway (FM 518), in Pearland, Texas. The transaction was structured with fixed term featuring flexible prepayment options. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company lender. “The population growth rate in Pearland from 2000 to 2010 was 142 percent, which ranked Pearland as the 15th fastest growing city in the U.S. during that time period. Pearland is a unique new community that capitalizes on its close proximity to the Texas Medical Center and downtown Houston. The new financing provides a low-rate solution with flexible prepayment to accommodate the borrower’s objective,” said Burke.

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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.

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