NorthMarq arranges acquisition financing of industrial property in Deer Park, Texas
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 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.
