NorthMarq Capital arranges acquisition bridge/equity financing of $49,558,310 for Houston multifamily
Multifamily Property
DALLAS (October 10, 2017) – NorthMarq’s Dallas office arranged acquisition bridge/equity financing of $49,558,310 for a 549-unit multifamily property located in Houston, Texas. The transaction was structured with a 5-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a national bridge lender and local equity investor.
About Northmarq
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.
