NorthMarq negotiates acquisition financing for Wind Rose Center I in Spring, Texas
HOUSTON, TEXAS (May 24, 2021) – Matt Franke, senior vice president of NorthMarq’s Houston office, arranged acquisition financing for Wind Rose Center I. The 10,000 sq. ft. class A retail property is located in Spring, Texas. The transaction was structured with a fully-amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“We were able to provide high leverage acquisition financing for this 100 percent occupied retail center in Northwest Houston,” said Franke. “The borrower was able to benefit from a low 3.75 percent fixed interest rate and they were able to rate lock when the application was signed.”
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