Retail - Debt


NorthMarq arranges refinancing for Oak Forest Shopping Center in Houston, Texas

HOUSTON, TEXAS (June 4, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged refinancing for Oak Forest Shopping Center. The 14,288 sq. ft. shadow-anchored strip center is located in Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.   

“Retail is not the favorite property type for most lenders,” said Peters. “However, with a solid borrower and our historically strong life company relationships, we provided highly competitive loan terms where the borrower was able to pick and choose what fit his needs best.”

 

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.