Northmarq’s Houston office arranges acquisition loan for 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.
Meet our team
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
