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.

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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.
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