NorthMarq finalizes refinancing for Dave’s Hot Chicken in Houston, Texas
HOUSTON, TEXAS (October 4, 2021) – Warren Hitchcock, senior vice president of NorthMarq’s Houston office, arranged the refinancing of Dave’s Hot Chicken. The 2,980 sq. ft. restaurant property is located in Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq secured the permanent-fixed loan for the borrower through its relationship with a regional bank.
“The lender aggressively provided the borrower with a cash-out after signing the Dave’s Hot Chicken,” said Hitchcock. “This is one of the newest chicken concepts in Houston.”
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