NorthMarq secures bridge loan for Marquee and Carriage Square Apartments in Houston, Texas
HOUSTON, TEXAS (October 5, 2021) – Tony Gray, managing director of NorthMarq’s Houston office, secured a bridge loan for Marquee and Carriage Square apartments. The 98-uit multifamily property is located at 2306 & 2320 McCue Road. The transaction was structured with a 5-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the bridge loan for the borrower through its correspondent relationship with a life insurance company.
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