Retail - Debt

NorthMarq Capital arranged $5.425 million in combined acquisition financings for two retail properties in suburban Houston, Texas

DALLAS (February 19, 2013) – Paul Brighton, senior vice president and senior director of NorthMarq’s Dallas Regional office, arranged acquisition financings of $5.25 million for two retail properties with a combined total of 46,600 sq. ft. of retail space. Shadow Creek Ranch is a 24,600 sq. ft. retail property located in Pearland, Texas. It was financed at $3.425 million. The major tenant in the center is St. Luke’s Community Emergency Center. Stone Gate Commons is a 22,000 sq. ft. retail property located in Cypress, Texas. It was financed at $2 million. The major tenant in this center is Prudential Realty. Financing for both of these transactions was based on a 15-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationships with life company lenders. “We closed two life company financings for two well-located strip retail centers in the suburban Houston area,” said Brighton. “These loans accommodated a 1031 Exchange for a long time client and provided competitive long term interest rates and terms.”

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.