Northmarq’s Houston office completes refinancing of an Industrial Park in Tyler, Texas
HOUSTON, TEXAS (September 21, 2021) – Dave Holland, senior vice president of Northmarq’s Houston office, arranged the refinancing of an industrial park in Tyler, Texas. The transaction was structured with a 10-year term on a 25-year amortization schedule. Northmarq secured financing for the borrower through its correspondent relationship with a life insurance company.
“This non-recourse refinance provided cash out after leasing up and stabilizing this asset within a couple years,” said Holland.
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.
