Northmarq’s Houston office completes $10.5 million refinancing of West Little York Trade Park

HOUSTON, TEXAS (September 8, 2022) – Matt Franke, senior vice president of Northmarq’s Houston debt and equity team, finalized $10.5 million in refinancing for West Little York Trade Park. The industrial property, built in 2020, is located at 11755 West Little York in Houston, Texas. 

“On behalf of its longtime repeat borrower, Northmarq placed this fixed rate loan with a regional bank.  The lender was selected due to its ability to lock rate at 4.5 percent before the looming Federal Reserve meeting.  The non-recourse loan was also attractive to borrower because of the 18-month interest only period, and sizable return of equity,” said Franke.

Fifteen separate, newly constructed single tenant industrial buildings collectively make up West Little York Trade Park.  Buildings range from 7,000 sq.ft. to 11,875 sq.ft. totaling a combined 120,900 sq.ft. Positioned in a desirable Northwest Houston location, the property offers convenient access to State Highway 290 and Beltway 8.