NorthMarq’s Houston office secures $3.25 million refinance of single-tenant retail portfolio located in McAllen, Texas
HOUSTON, TEXAS (October 1, 2021) – Travis Fite, senior vice president of NorthMarq’s Houston office, arranged the $3.25 million refinance of a portfolio of two Goodwill stores located in McAllen, Texas. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
“The borrower was looking for a fully-amortizing 15-year loan which we placed with one of our correspondent life insurance companies,” said Fite.
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