Medical Office - Debt

NorthMarq’s Houston office arranges construction financing for medical office property in Houston, Texas

HOUSTON, TEXAS (April 11, 2021) – Warren Hitchcock, senior vice president/senior director of NorthMarq’s Houston office, secured construction financing of the Tomball Medical Office Building. The property will be approximately 60,000 sq. ft. and located in Tomball, Texas. The transaction was structured with a fixed loan, which consists of a 5-year fixed rate, and a 25-year amortization schedule. 

“NorthMarq was able to successfully negotiate leverage over 80 percent LTC on this Class A medical development at a very attractive low fixed rate,” 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.