Retail (MT)
Debt & Equity

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.” 

 

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

Dave’s Hot Chicken
Permanent Loan - Fixed