NorthMarq arranges acquisition financing of industrial property in Deer Park, Texas
316 Georgia
HOUSTON, TEXAS (February 20, 2020) – Larry Peters, senior vice president of NorthMarq’s Houston office arranged acquisition financing for 316 Georgia, a 30,768 sq. ft. industrial property located in Deer Park, Texas. The transaction (max leverage) was structured with a 5-year term. The property, consisting of 8.0 acres will consist of 45 percent office space.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
