Retail - Debt

NorthMarq negotiates acquisition financing for retail property in Houston, Texas

HOUSTON, TEXAS (July 16, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged acquisition financing for 102 Heights. The 5,922 sq. ft. class A, unanchored strip center is located in the desirable Heights neighborhood of Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq sourced several loan options for the borrower who ultimately chose to create a relationship with a regional bank. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.