Medical Office - Debt

Northmarq’s Houston office completes acquisition financing of Branford Plaza in Sugar Land, Texas

HOUSTON, TEXAS (January 4, 2022) – Matt Franke, senior vice president of Northmarq’s Houston-based regional office, arranged acquisition financing for Branford Plaza. The 8,400 sq. ft. class A medical office property built in 2018 is located at 7417 Branford Place in Sugar Land, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. The permanent-fixed loan was arranged for the borrower through Northmarq’s relationship with a regional bank.

“The acquisition loan was sourced with a regional bank who provided high leverage, low-rate debt for this recently constructed medical office property,” explained Franke. “The property is located in a high-growth Houston suburb and our client will be able to quickly improve the property’s performance with additional leasing.”

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.