NorthMarq completes refinance of Schneider Electric office property located in Houston, Texas

Schneider Electric
Debt & Equity
Multi-Tenant
Office
Permanent Loan - Fixed
Life Company
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HOUSTON, TEXAS (April 28, 2021) – Matt Franke, senior vice president in NorthMarq’s Houston office, completed the refinance of Schneider Electric. The single-tenant 109,833 sq. ft. class A- office property is located in Houston, Texas. The transaction was structured with a fully-amortizing 25-year term on a 3.5 percent interest rate. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with StanCorp, a life insurance company.  

“We placed this loan with StanCorp because of their competitive terms, specifically their rate re-set feature,” said Franke. “The borrower had a maturing loan with another insurance company lender, and thankfully we were able to provide multiple refinance options to our repeat borrower.”

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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.
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