NorthMarq Capital’s Houston office negotiates refinance of Northville Plaza retail property
Northville Plaza
HOUSTON (November 7, 2016) – Warren Hitchcock, vice president of NorthMarq Capital’s Houston-based regional office, arranged refinancing for Northville Plaza, a 14,400 sq. ft. retail property located in Houston, Texas. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Mattress One, Title Max and Allstate represent the property’s major tenants. “This was a refinance of a construction loan for a brand new strip retail located along a major interstate, with a long term 15-year, fixed-rate life company loan, non-recourse,” said Hitchcock.
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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.
