Retail - Debt

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

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 an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.