Northmarq arranges refinance of 114,000-sq.-ft. industrial portfolio
HOUSTON (June 22, 2023) — Northmarq’s Houston Debt + Equity team of Travis Fite, senior vice president, and Matt Franke, senior vice president, arranged the refinance of a portfolio of three single-tenant industrial buildings located at 3811 and 3903 Cedar Blvd in Baytown, Texas and 4500 W Greens Road in Houston, Texas. The properties were built in 2020 and 2022 and total 114,000 sq. ft. Northmarq secured the permanent fixed rate loan for the borrower through its correspondent relationship with a life insurance company. The loan was structured on a 5-year term.
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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.
