Northmarq arranges refinance of office/warehouse property in Houston, Texas
Office/Warehouse Property
HOUSTON, TEXAS (January 10, 2023) — Michael Borden, vice president of Northmarq’s Houston debt/equity team, secured the refinance of a 17,520 sq. ft. office/warehouse property located at 850 Little York in Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with an investment firm. “Our team was able to deliver the best possible outcome for the borrower with our lender relationship delivering 100 percent LTC and non-recourse financing,” 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.
