NorthMarq negotiates acquisition financing for retail property in Houston, Texas
Retail Property
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.
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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.
