Northmarq completes refinance of a suburban office building in southeast Houston, Texas
Office Property
HOUSTON, TEXAS (January 31, 2022) – Michael Borden, vice president of Northmarq’s Houston office arranged the refinance of a suburban, multi-story office property in southeast Houston, Texas. The transaction was structured with a 10-year term and flexible prepayment. Northmarq finalized the permanent-fixed loan for the borrower through its relationship with a regional bank.
“This transaction allowed our client to refinance their office building in a tough lending environment, reducing their interest rate, while also getting the lender to provide CapEx/TILC funds post-closing,” said Borden.
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.
