NorthMarq Capital’s Houston office negotiates refinance of Northville Plaza retail property
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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