Northmarq Arranges $10.5M Loan for Refinancing of Houston Industrial Property

by Taylor Williams

HOUSTON — Northmarq has arranged a $10.5 million loan for the refinancing of West Little York Trade Park, a 120,900-square-foot industrial property in Houston. The property was built in 2020 and consists of 15 single-tenant buildings ranging in size from 7,000 to 11,875 square feet. Matt Franke of Northmarq arranged the nonrecourse, fixed-rate loan, which was structured with 18 months of interest-only payments, through an undisclosed regional bank. The borrower was also not disclosed.

You may also like