NorthMarq Capital’s Houston office arranges bridge financing for Copeland Tower and Stadium Place Office Towers

Office Towers
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HOUSTON (November 2, 2016) – Warren Hitchcock, vice president of NorthMarq Capital’s Houston-based regional office, arranged bridge financing through a balance sheet lender for Copeland Tower and Stadium Place, a 210,955 sq. ft. office property located at 1200 and 1250 East Copeland Road in Arlington, Texas. The State of Texas represents the property’s major tenant. “This two building portfolio, with a good tenant base, is in an excellent location with proximity to major interstates and entertainment, and despite some challenges in the market and property rollover, the lender was able to successfully structure a high leverage loan with future capital earnouts. This new capital structure allows the owner to pursue tenants more aggressively and improve the property further; a true win-win,” said Hitchcock.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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