NorthMarq Capital arranges refinancing for retail property in Houston, Texas
Retail Property
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.”
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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.
