Northmarq finalizes $2.3 million refinance of Plaza Airline in Houston, Texas
HOUSTON, TEXAS (April 1, 2022) – Travis Fite, senior vice president of Northmarq’s Houston debt/equity team, arranged the $2.3 million refinance of Plaza Airline. The 18,851 sq. ft. unanchored strip retail property (built in 2004) is located at 5516-5542 Airline in Houston, Texas. The transaction was structured on a fully amortizing 15-year term. Northmarq negotiated the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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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.
