Multifamily - Debt


NorthMarq’s Houston office arranges the refinancing of Mason Creek Business Park in Katy, Texas

HOUSTON, TEXAS (March 5, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office secured the refinancing of Mason Creek Business Park. The 107,866 sq. ft., class B office/warehouse property is located in Katy, Texas. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. 

“We were able to secure a fixed rate loan at 2.75% for 10 years, which drastically improved the client’s current interest rate and cash flow. The additional cash flow enables the borrower to pay off his loan many years earlier than originally scheduled,” said Peters. 

 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.