NorthMarq Capital’s Houston office arranges refinance of Alexan Auburn Lakes in Spring, Texas

Alexan Auburn Lakes

Debt & Equity

Multi-Tenant

HOUSTON (March 21, 2017) – Kerry French, senior vice president/managing director of NorthMarq Capital’s Houston-based regional office, negotiated the refinance of Alexan Auburn Lakes, a 346 unit multifamily property located at 6000 West Rayford Road in Spring, Texas. The transaction was structured with a 7-year term featuring 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “Our borrower sought a long term loan for this new apartment community located near Houston’s recently completed Grand Parkway, adjacent to the desirable Woodlands marketplace. I determined that NorthMarq could deliver all of the borrower’s requirements within one of our Freddie Mac loan structures,” French explained. “Both were very pleased with the outcome.”

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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.