Multifamily - Debt

NorthMarq secured the refinancing for MV Lofts in Houston, Texas

HOUSTON, TEXAS (April 27, 2021) – Warren Hitchcock, senior vice president/senior director of NorthMarq’s Houston office, secured the refinancing of MV Lofts. The 42-unit, class B multifamily property is located in the Inner Loop of Houston, Texas. The transaction was structured with a 10-year term with 1-year of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. 

The borrower required a higher leverage option with short term flexibility at an aggressive 3.50 percent 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.