NorthMarq negotiates acquisition financing for Wind Rose Center I in Spring, Texas
Wind Rose Center I
HOUSTON, TEXAS (May 24, 2021) – Matt Franke, senior vice president of NorthMarq’s Houston office, arranged acquisition financing for Wind Rose Center I. The 10,000 sq. ft. class A retail property is located in Spring, Texas. The transaction was structured with a fully-amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“We were able to provide high leverage acquisition financing for this 100 percent occupied retail center in Northwest Houston,” said Franke. “The borrower was able to benefit from a low 3.75 percent fixed interest rate and they were able to rate lock when the application was signed.”
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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.
