Industrial - Debt

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

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.” 

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.