NorthMarq’s Houston office secures acquisition bridge loan for two multifamily properties in League City, Texas
HOUSTON, TEXAS (March 1, 2019) – Warren Hitchcock, senior vice president/senior director of NorthMarq’s Houston regional office arranged acquisition financing for two multifamily properties consisting of 312-units. Harbor Walk and The Shore Apartments are located in the Clear Lake, Texas market. The balance sheet bridge loan featured a term of 5-years and interest only.
“This was the 4th consecutive deal financed by this lender on behalf our client for a total of over $65,000,000 together,” said Hitchcock, “The lender has successfully partnered with this Houston based investor multiple times, with aggressive pricing, quick closings, and very flexible deal terms, once again proving that relationships matter most. That’s why we focus on the individuals just as closely as the execution. Unlike so many firms, which run potential lenders through an auction and are truly transactional.”
Meet our team
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.
