Northmarq’s Houston office completes refinancing of Chambers Plaza in Rosenberg, Texas

Chambers Plaza
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HOUSTON, TEXAS (November 4, 2021) – Larry Peters, senior vice president, and Adam Unger, investment analyst from Northmarq’s Houston-based regional office, completed the refinancing of Chambers Plaza. The 17,900 sq. ft. unanchored strip retail property (built in 1984) is located at 4203 Avenue H in Roseberg, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq secured the permanent-fixed loan at 3.625 percent interest rate for the borrower through its correspondent relationship with a life company lender. 

“We were happy to secure this financing for a repeat client via our correspondent relationship with StanCorp who quoted high leverage at quality rate,” said Peters. “The cash-out refinance allowed our client to pursue additional real estate acquisitions,” added Unger.

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.

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