Office - Debt

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

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.”

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.