NorthMarq Capital arranges $9.72 million acquisition financing for Eastport Industrial Park Buildings I & III in Houston, Texas
Eastport Industrial Park Buildings I & III
BOSTON (August 1, 2014) – James Murphy, managing director of NorthMarq Capital’s Boston based regional office secured $9.72 million in acquisition financing for Eastport Industrial Park Buildings I & III, two industrial properties consisting of a combined 366,595 sq.ft. located at 8979-8999 and 8901-8919 Market Street, Houston, Texas. The commercial mortgage transaction was structured with a 5-year term with 1-year interest only and 30-year amortization schedule. NorthMarq arranged financing for the borrower, High Street Realty Company through its correspondent relationship with Great-West Life & Annuity Company. “We were pleased to be able to once again continue our long standing relationship with High Street,” said Murphy. “While many of our lending relationships are looking for industrial product to finance, Great-West continues to be able to provide the competitive terms and flexibility sought after by our clients.”
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
