Industrial - Debt

Northmarq arranges $5,504,811 of acquisition financing for Hermann Services Office Warehouse in Houston, Texas

HOUSTON, TEXAS (January 6, 2023) — Matt Franke, senior vice president of Northmarq’s Houston debt/equity team, negotiated acquisition financing of $5,504,811 for Hermann Services Office Warehouse. The 72,649 sq. ft. owner-used warehouse property is located at 6410 Cavalcade Street in Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq secured financing for the borrower through its relationship with a national bank. 

“Northmarq was able to secure a lender who provided maximum loan proceeds, the lowest interest rate, and offered 60-day rate lock during a volatile market,” said Franke.

Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.