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.
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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.
