HOUSTON, TEXAS (September 21, 2021) – Dave Holland, senior vice president of Northmarq’s Houston office, arranged the refinancing of an industrial park in Tyler, Texas. The transaction was structured with a 10-year term on a 25-year amortization schedule. Northmarq secured financing for the borrower through its correspondent relationship with a life insurance company.
“This non-recourse refinance provided cash out after leasing up and stabilizing this asset within a couple years,” said Holland.
