Northmarq’s Houston office secures refinancing of the Shoppes at Katy Pin Oak
HOUSTON (Sept. 19, 2023) — Travis Fite, senior vice president of Northmarq’s Houston-based regional office, successfully arranged the external refinance of a 17,453-sq.-ft. shopping center in Katy, Texas. Built in 2019, the unanchored retail strip center is situated on 2.95 acres at 25785 Katy Freeway. Northmarq secured the permanent fixed rate loan for the borrower through its correspondent relationship with a life insurance company. The loan was structured on a 5-year term.
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