HOUSTON (June 4, 2018) – Paul Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas regional office, arranged refinancing for retail property consisting of 86,396 sq. ft., located in Houston, Texas. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“This transaction featured a 52 percent LTV,” said Brighton. “The borrower was a repeat borrower for our lender.”