Arbor-Point-Houston

NorthMarq Capital Arranges $3M Financing for Arbor Point Apartments in Houston

by Haisten Willis

HOUSTON — NorthMarq Capital’s Denver office has arranged a permanent $3 million loan for Arbor Point Apartments located at 1812 S. Park View Drive in Houston. The multifamily community, constructed in 1985, consists of 65 units contained in contained in 13 two-story buildings. Community amenities include controlled access, carports and an outdoor pool. Units feature washer/dryer hookups, fireplace, vaulted ceilings and patios or balconies. Paul Bruder of NorthMarq arranged the financing for the Colorado-based borrower through an unnamed life insurance company.

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