Industrial - Debt

NorthMarq finalizes refinance of Builder’s FirstSource industrial property in Houston, Texas

HOUSTON, TEXAS (April 26, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged the refinance of Builder’s FirstSource. The 117,000 sq. ft. industrial property is located in Houston, Texas. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

“The borrower was very happy with the long-term fixed-rate refinance at a very low interest rate just over 3 percent. NorthMarq’s life company lenders was chosen due to the ease of the process and for closing costs,” said Peters. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.