Multifamily
Debt & Equity

NorthMarq Capital’s Houston office arranges acquisition financing for Elm Grove Apartments in Kingwood, Texas

HOUSTON (March 26, 2018) – Warren Hitchcock, senior vice president/senior director of NorthMarq Capital’s Houston regional office, arranged acquisition financing for Elm Grove Apartments, a 136-unit multifamily property located in Kingwood, Texas. NorthMarq arranged financing for the borrower through its relationship with a balance sheet bridge lender. “This value-add transaction featured a very well-located property in a master planned community, and the acquisition and renovation financing was aggressively pursued and priced at higher leverage. The borrower and investors were very happy with the loan and transaction start to finish,” noted Hitchcock.

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.

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Elm Grove Apts
Bridge Loan