Multifamily - Debt

NorthMarq secures bridge loan for Marquee and Carriage Square Apartments in Houston, Texas

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. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.