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NorthMarq Arranges $8M Loan for Mixed-Use Property in Metro Houston

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NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company lender.

PEARLAND, TEXAS — John Burke of NorthMarq Capital’s Houston office has arranged an $8 million fixed-rate loan for a mixed-use office and retail property located on Broadway in Pearland. The interest-only loan was structured with a fixed term featuring flexible pre-payment options. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company lender.

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