NorthMarq Capital arranges forward fixed-rate financing for class “A” multifamily property in Houston
Highpoint
HOUSTON (July 10, 2015) – John Burke, managing director of NorthMarq Capital’s Houston based regional office arranged forward fixed-rate financing for Highpoint, a class “A” 336 unit multifamily property located at 13920 Mandolin Drive in Houston, Texas. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a life insurance company. Owned by Stonelake Capital Partners, LLC, Highpoint is an urban contemporary, surface-parked project consisting of two, four-story buildings with six elevators. High-end accessories and furnishings, along with efficient, open floor plans and an expansive 6,500-square foot clubhouse, create an elevated living style designed around today’s desired living environment. Its vibrant green space and natural courtyards are a deliberate effort to establish an abiding sense of community and relaxation.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
