Multifamily
Debt & Equity

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. 

 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Rocky Falls
Permanent Loan - Fixed