NorthMarq Capital arranges permanent finance of $3,350,000 for Bay Meadows in Friendswood, Texas
Bay Meadows
DENVER (February 19, 2013) - NorthMarq’s Denver regional office arranged financing of $3,350,000 for Bay Meadows, a 122-unit multi-family community located at 17201 Blackhawk Blvd. in Friendswood, Texas. Constructed in 1983, the 1, 2, and 3 bedroom units are contained in 11 residential buildings. Community amenities consist of outdoor pool with BBQ area, clubhouse, and playground. Some units feature fireplaces, built-in bookshelves, balconies/patios, and washer/dryer connections. Unit upgrade options are available which include designer tile, crown molding, light fixtures, plumbing, as well as resurfaced cabinets and countertops. Paul Bruder, Senior Vice President; and Dan Lucchesi, Investment Analyst, arranged the financing for the borrower.
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.
