Northmarq arranges refinance of 114,000-sq.-ft. industrial portfolio
Sub 67 Industrial Portfolio
HOUSTON (June 22, 2023) — Northmarq’s Houston Debt + Equity team of Travis Fite, senior vice president, and Matt Franke, senior vice president, arranged the refinance of a portfolio of three single-tenant industrial buildings located at 3811 and 3903 Cedar Blvd in Baytown, Texas and 4500 W Greens Road in Houston, Texas. The properties were built in 2020 and 2022 and total 114,000 sq. ft. Northmarq secured the permanent fixed rate loan for the borrower through its correspondent relationship with a life insurance company. The loan was structured on a 5-year term.
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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.
