NorthMarq’s Houston office arranges refinance of Baypark Industrial Property in Pasadena, Texas
Baypark Industrial Property
HOUSTON, TEXAS (October 5, 2021) – John Burke, managing director of NorthMarq’s Houston office, completed the refinancing of the Baypark Industrial Property. The 318,606 sq. ft. class A, single tenant industrial property is located at 13103 Bay Park Road 2 in Pasadena, Texas. The transaction was structured with a fully-amortizing 10-year term. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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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.
