NorthMarq secured the refinancing for Westchase Corporate Center in Houston, Texas

Westchase Corporate Center
Debt & Equity
Multi-Tenant
Industrial
Permanent Loan - Fixed
Life Company
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Matt Franke, senior vice president, and Ray Driver, managing director from NorthMarq’s regional Houston office, secured the refinancing for Westchase Corporate Center, a class B industrial-flex building located on 10111 Richmond Ave, Houston, Texas. The transaction was structured with a 15-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 

“The loan is well secured by a high quality, well maintained asset with nearly 100 tenants. The property outperformed the market in 2020 with increasing rents and occupancy. As a result, our correspondent lender Securian was willing to offer a very competitive long-term interest rate,” said Franke. 

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About Northmarq 
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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