NorthMarq negotiates acquisition financing for retail property in Houston, Texas
HOUSTON, TEXAS (July 16, 2021) – Larry Peters, senior vice president of NorthMarq’s Houston office, arranged acquisition financing for 102 Heights. The 5,922 sq. ft. class A, unanchored strip center is located in the desirable Heights neighborhood of Houston, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq sourced several loan options for the borrower who ultimately chose to create a relationship with a regional bank.
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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.
