Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Houston office arranges acquisition financing for The Breakers Apartments in Texas City, Texas

HOUSTON (November 7, 2018) – Warren Hitchcock, senior vice president of NorthMarq Capital’s Houston regional office, arranged acquisition financing for The Breakers Apartments, a 272-unit multifamily property located Southeast of Houston, Texas. The transaction features a 5 year full interest only loan term up to 80 percent of costs, including all Improvement and Cap Ex Funds. NorthMarq arranged financing for the borrower on behalf of its unique relationship with the bridge lender.  

“NorthMarq once again continued to prove its value by utilizing their deep market knowledge, and by persistently pursuing every possible capital source which ultimately obtained the best terms in the market for their client,” said Hitchcock. “Relationships matter, and it was clear this lender stretched proceeds and terms for the NorthMarq relationship.” 

 

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 $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.