Northmarq finalizes refinancing of Town Creek Storage in Montgomery, Texas

Town Creek Storage

HOUSTON, TEXAS (January 17, 2023) — Matt Franke, senior vice president, and Michael Borden, vice president of Northmarq’s Houston debt/equity team, arranged refinancing of Town Creek Storage. The 251-unit single-story self-storage property (built in 2017) is located at 22852 Highway 105 West in Montgomery, Texas. The transaction was structured with 5-year term on a 25-year amortization schedule. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with an investment firm. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

NM Web Icon News Black

Stay on top of industry research