Northmarq’s Houston office arranges acquisition loan for Briar Forest Crossing
Briar Forest Crossing
HOUSTON (June 4, 2023) — Travis Fite, senior vice president of Northmarq’s Houston-based regional office, secured the acquisition loan for a suburban, four-story office building located at 1300 W. Sam Houston Pkwy S. in Houston, Texas. Briar Forest Crossing was built in 1980 and features 2.41 acres. Northmarq secured the permanent fixed rate loan for the borrower through its correspondent relationship with a commercial bank. The loan was structured on a 25-year term with rate resets every five years.
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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.
