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.

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:

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