Medical Office
Debt & Equity

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. 

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.

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Medical Office Property
Permanent Loan - Fixed