NorthMarq’s Houston office secures $23.8 million recapitalization of single-tenant industrial portfolio located across eight states

Single-Tenant Industrial Portfolio

Debt & Equity

Multi-Tenant

HOUSTON, TEXAS (July 16, 2021) – Gary Hough, senior vice president in NorthMarq’s Houston office, arranged the $23.8 million recapitalization of a single-tenant industrial portfolio consisting of 13 class A & B properties across eight states (Alabama, Colorado, Indiana, Louisiana, Maryland, Texas, Virginia, Wyoming). The recapitalization payoff acquisition line of credit and consolidation into one loan) was structured with a 21-year fully amortizing term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company lender.

“This transaction is part of more than $100 million of financing with this borrower that NorthMarq has completed over the past two years,” explained Hough. “We were able to offer some flexibility for collateral substitutions and prepayment.”

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About Northmarq

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.