Northmarq’s Houston office completes $2 million in non-recourse acquisition financing for Broussard Industrial Park in Broussard, Louisiana
Broussard Industrial Park
HOUSTON, TEXAS (March 28, 2022) – Matt Franke, senior vice president in Northmarq’s Houston-based debt/equity team, arranged acquisition financing of $2 million for Broussard Industrial Park. The 27,000 sq. ft. industrial property (low-finish office/warehouse) consists of four buildings on 5.91 acres and is located at 205 LA-96 Broussard, Louisiana. The transaction was secured with a 3.9 percent interest rate with a 10-year term on a 25-year amortization schedule. Northmarq arranged financing for the borrower, an individual regional investor, 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.
