Northmarq’s Houston office arranges acquisition financing for Shops at Humble in Humble, Texas

Shops at Humble
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HOUSTON, TEXAS (December 21, 2021) – Travis Fite, senior vice president in Northmarq’s Houston office, secured acquisition financing for Shops at Humble. The 28,820 sq. ft. class B unanchored strip retail property is located in Humble, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule at a 3.5 percent interest rate. Northmarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 

“A healthy historical relationship with the lender allowed to borrower to obtain a 75 percent LTV acquisition loan at a 3.5 percent fixed rate on a historically performing neighborhood retail property,” said Fite. 

 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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