Northmarq completes refinancing of office property in Houston, Texas
HOUSTON, TEXAS (September 30, 2021) – Buddy Hopson, vice president in Northmarq’s Houston office, arranged the refinance of a 50,449 sq. ft. class A office property located at 4601 Washington Avenue in Houston, Texas. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged the permanent-fixed loan at a 3.70 percent interest rate for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
