Northmarq’s Houston office arranges acquisition financing for Professional Office Park in Houston, Texas
HOUSTON, TEXAS (January 31, 2022) – Larry Peters, senior vice president of Northmarq’s Houston office, secured acquisition financing for Professional Office Park. The 20,191 sq. ft. suburban single-story property is located in Spring, Texas (Houston MSA). The permanent-fixed loan was structured with a 3-year term on a 25-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with a commercial bank.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.