Arranges mortgage for Woodlake Plaza in San Antonio, TX
Woodlake Plaza
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.”
Meet our team
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.
