Northmarq finalizes refinancing of Town Creek Storage in Montgomery, Texas
HOUSTON, TEXAS (January 17, 2023) — Matt Franke, senior vice president, and Michael Borden, vice president of Northmarq’s Houston debt/equity team, arranged refinancing of Town Creek Storage. The 251-unit single-story self-storage property (built in 2017) is located at 22852 Highway 105 West in Montgomery, Texas. The transaction was structured with 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.
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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.
