Northmarq arranges refinance of office/warehouse property in Houston, Texas
HOUSTON, TEXAS (January 10, 2023) — Michael Borden, vice president of Northmarq’s Houston debt/equity team, secured the refinance of a 17,520 sq. ft. office/warehouse property located at 850 Little York in Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with an investment firm. “Our team was able to deliver the best possible outcome for the borrower with our lender relationship delivering 100 percent LTC and non-recourse financing,” said Borden.
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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.
