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 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.
