NorthMarq arranges refinancing of Houston Design Center in Houston, Texas via regional bank
Houston Design Center
HOUSTON, TEXAS (June 17, 2021) – John Burke, managing director of NorthMarq’s Houston office, secured the refinance of Houston Design Center. The 281,356 sq. ft. Class A creative office/high-end showroom property is located in Houston, Texas. NorthMarq arranged the fixed rate non-recourse loan for the borrower, MLB Capital Partners, through its relationship with a regional bank. MLB Capital Partners, a Houston-based commercial real estate investment firm, purchased the Houston Design Center in 2014, adding the name to their notable portfolio of properties.
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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.
