Industrial - Debt

NorthMarq negotiates $3.3 million refinance of Cutten Industrial Park in Houston, Texas

HOUSTON, TEXAS (September 21, 2021) – Travis Fite, Senior Vice President of NorthMarq’s Houston office, arranged the $3.3 million refinancing of Cutten Industrial Park. The 35,625 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-rate loan for the borrower through its correspondent relationship with a life insurance company. 

“Our team sourced a lender capable of working with the project size and borrower’s non-recourse requirements. The combination of cash-out proceeds and non-recourse won the deal for our correspondent lender,” said Fite. 

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.