Braesridge-Apts

NorthMarq Capital Negotiates $23.3M Financing for Apartment Complex in Houston

by Haisten Willis

HOUSTON — Suzanne Jones of NorthMarq Capital’s Dallas office has negotiated a $23.3 million acquisition loan for Braesridge Apartments, a 542-unit multifamily property located at 11100 Braesridge Drive in Houston. The 10-year loan includes three years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.

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