Medical Office
Debt & Equity

NorthMarq’s Houston office arranges acquisition financing for South Shore Medical in League City, Texas

HOUSTON, TEXAS (July 26, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, negotiated acquisition financing for South Shore Medical. The 24,241 sq. ft. class A- medical office is located in League City, Texas. The transaction was structured with a fully-amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 

“NorthMarq was able to secure a 25-year fixed interest rate loan at sub four percent for this repeat client. The plan is to hold this asset, making it a multigenerational investment,” noted Peters. 

 

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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South Shore Medical
Permanent Loan - Fixed