NorthMarq secures bridge loan for Marquee and Carriage Square Apartments in Houston, Texas
Marquee & Carriage Square Apts
HOUSTON, TEXAS (October 5, 2021) – Tony Gray, managing director of NorthMarq’s Houston office, secured a bridge loan for Marquee and Carriage Square apartments. The 98-uit multifamily property is located at 2306 & 2320 McCue Road. The transaction was structured with a 5-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the bridge loan for the borrower through its correspondent relationship with a life insurance company.
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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.
