Northmarq arranges refinance for 342-unit mid-rise multifamily community in Houston – The Mill Residences
Image credit: Triten Real Estate Partners
HOUSTON — Northmarq’s Houston Debt + Equity team led by Warren Hitchcock and Taylor Phillips successfully secured the refinancing for The Mill Residences, a 342-unit mid-rise multifamily community located at 2315 Navigation Blvd. in the East End of Houston, Texas.
Northmarq arranged the refinance loan on behalf of Triten Real Estate Partners, through one of Northmarq’s correspondent balance sheet lending relationships.
“The Mill Residences is a standout mixed-use development in one of Houston’s most dynamic urban neighborhoods,” Hitchcock said. “Northmarq secured a creative and flexible refinance prior to final stabilization which replaced the construction loan, provided additional capital for the retail buildout, and gave Triten the runway needed to complete the property’s business plan. Our capital committed and closed in less than 45 days, meeting an aggressive deadline without sacrificing structure or creativity. This was a true win/win.”
“The depth of lender interest in The Mill Residences speaks directly to Triten’s reputation and the quality of the development," Phillips said. "Multiple capital sources pursued the opportunity, demonstrating continued demand for high-quality, pre-stabilized multifamily assets with a clear path to stable occupancy and cash flow.”
The Mills Residences offers a mix of luxury class A studio, one-, two-bedroom apartments featuring stone countertops, high ceilings and multiple interior finish packages. The resort-style community also boasts amenities such as a fitness center, yoga studio, poolside cabanas and a quiet lounge equipped with high-speed connectivity designed for remote workers.
Built in 2025, the multifamily community places residents at the center of Houston’s East End, providing residents with convenient access to public transit, dining, live entertainment and the area’s growing arts district.
About Triten Real Estate Partners
Founded in 2011, Triten Real Estate Partners (“Triten”) is a vertically integrated real estate investment, development, and operating firm headquartered in Houston, with offices in Dallas and Atlanta. Triten’s strategy combines relationship-based, real-time market intelligence with an AI-enabled relative value process to identify mispriced risk and uncover alpha opportunities. Supported by a flexible, multi-disciplinary execution platform, the firm invests across development, value-add repositioning, and strategic acquisitions. Triten’s research-driven, entrepreneurial approach delivers differentiated real estate investments that anticipate market shifts and create long-term value. For more information, visit tritenre.com.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
