NorthMarq’s Houston office arranges long-term financing for medical retail property in San Antonio, Texas
Medial Retail Property
HOUSTON, TEXAS (April 11, 2021) – Warren Hitchcock, senior vice president/senior director of NorthMarq’s Houston office, secured long-term permanent financing of the Medical Retail building. The property is 40,000 sq. ft. and located in southwest San Antonio, Texas. The transaction was structured with a permanent fixed loan, which consists of a 20-year fixed rate, and a 25-year amortization schedule.
“Refinance of retail related property was difficult during the height of the COVID shutdowns, however, NorthMarq's unique correspondent relationship provided superior terms in a distressed and dislocated market,” said Hitchcock.
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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.
