Northmarq’s Houston office arranges acquisition loan for Briar Forest Crossing
HOUSTON (June 4, 2023) — Travis Fite, senior vice president of Northmarq’s Houston-based regional office, secured the acquisition loan for a suburban, four-story office building located at 1300 W. Sam Houston Pkwy S. in Houston, Texas. Briar Forest Crossing was built in 1980 and features 2.41 acres. Northmarq secured the permanent fixed rate loan for the borrower through its correspondent relationship with a commercial bank. The loan was structured on a 25-year term with rate resets every five years.
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