NorthMarq’s Houston office secures acquisition bridge loan for two multifamily properties in League City, Texas

Two Multifamily Properties
Debt & Equity
Multi-Tenant
Multifamily
Bridge Loan
Bridge/Mezz
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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.”

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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.
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