Mixed Use - Debt

Arranges mortgage for Woodlake Plaza in San Antonio, TX

HOUSTON (October 10, 2013) – Warren Hitchcock, vice president of NorthMarq’s Houston regional office, arranged first mortgage refinancing for Woodlake Plaza, a 53,516 sq. ft. office/retail/medical park located at 4801 Fredericksburg Road, San Antonio, TX. Financing was based on a 10-year term and a 25-year amortization schedule with 75% LTV and a floating rate near 3%. NorthMarq arranged this financing for a Houston based borrower through its relationship with a regional bank. “NorthMarq’s Houston office originated debt with an aggressive local and regional bank which successfully closed on the mixed-use medical/retail/office park in San Antonio, TX,” said Hitchcock. “The property was recently stabilized and the lender offered interest only and a 1% prepayment throughout the term.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.