Retail - Debt


NorthMarq’s Houston office arranges long-term financing for medical retail property in San Antonio, Texas

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. 

 

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.