NORTHMARQ SECURES $2.65 MILLION RETAIL LOAN

KATY, TEXAS — The Houston office of NorthMarq Capital has secured $2.65 million in first-mortgage financing for Westland Center, a 29,723-square-foot retail center located in Katy. Tenants at the property include Fidelity Title, Jackson Hewitt, Floor TX, State Farm and Ruthie’s Mexican Restaurant. Terms of the loan include a 2-year term and interest-only payments. NorthMarq’s Roger Trapnell and Warren Hitchcock arranged the loan on behalf of the undisclosed borrower through Texas Capital Bank.