Northmarq completes refinancing of office property in Houston, Texas
Office Property
HOUSTON, TEXAS (September 30, 2021) – Buddy Hopson, vice president in Northmarq’s Houston office, arranged the refinance of a 50,449 sq. ft. class A office property located at 4601 Washington Avenue in Houston, Texas. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged the permanent-fixed loan at a 3.70 percent interest rate for the borrower through its correspondent relationship with a life insurance company.
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.
