Multifamily - Debt


NorthMarq’s Houston office completes refinance of Rocky Falls in Richmond, Texas

HOUSTON, TEXAS (July 13, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged the refinancing of Rocky Falls. The 34-unit garden-style multifamily property is located in Richmond, Texas. The transaction was structured with a 7-year term on a 30-year amortization schedule. NorthMarq secured the permanent-fixed rate loan for the repeat borrower through its relationship with an agency lender. 

“NorthMarq was able to negotiate a cash-out refinance and reduction in the previous interest rate with an attractive 3.26 percent rate,” noted Peters. 

 

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.