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NorthMarq Arranges Acquisition Financing for 342-Unit Multifamily Asset in Houston

The-Park-at-Clear-Lake-Houston

The Park at Clear Lake in Houston totals 342 units. The property was built in 1973.

HOUSTON — Minneapolis-based NorthMarq Capital has arranged an undisclosed amount of acquisition financing for The Park at Clear Lake, a 342-unit apartment community in Houston. Units at the property, which was built in 1973, feature walk-in closets, dishwashers and laundry facilities. Amenities include a pool, fitness center and outdoor grilling areas. Warren Hitchcock of NorthMarq arranged the funds through an undisclosed balance sheet lender. The borrower was also undisclosed, but the property’s website redirects to Madera Residential’s homepage.

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