NorthMarq’s Houston office arranges refinancing of 3322 Richmond Office Building in Houston, Texas

3322 Richmond Office Building

Debt & Equity

Multi-Tenant

HOUSTON, TEXAS (June 10, 2020) – Matthew Bronstein, vice president of NorthMarq’s Houston office secured the refinancing of 3322 Richmond Office Building. The 18,000 sq. ft. property is located in the Greenway Plaza Submarket of Houston, Texas. NorthMarq arranged financing for the borrower, M-K-L Properties, through its correspondent relationship with a life insurance company.

“NorthMarq and their correspondent life company lender were able to creatively structure the financing around the deal’s complexities. I greatly appreciate the effort & determination put forth by Matthew and the NorthMarq team to get this transaction over the finish line in spite of the unknowns and uncertainties in the financing market created by the pandemic,” said Dan Lavin, President of M-K-L Properties.

“In the midst of all of the COVID-related economic disruption and widespread "stay at home orders," NorthMarq's correspondent life company was able to deliver their permanent financing as initially quoted and on time. Single tenant properties present their own challenges during normal market conditions and this deal was no different. NorthMarq and their correspondent lender were able to structure the loan favorably for the borrower to provide maximum flexibility in the future, while maintaining a low fixed interest rate,” said Bronstein.

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About Northmarq

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.