October 10, 2013

Arranges mortgage for Woodlake Plaza in San Antonio, TX

Woodlake Plaza

Debt & Equity

Multi-Tenant

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.”

Available Mixed Use properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.