NorthMarq Capital arranges forward fixed-rate financing for class “A” multifamily property in Houston

Highpoint
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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.

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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