NorthMarq Capital Arranges Financing for Tower Park North in Houston
By
Tony Seruga
NorthMarq arranged financing for an 181,000-square-foot office building in Houston.
Towerpark North
Houston—
NorthMarq Capital’s
Houston office recently arranged the acquisition financing for an 181,000-square-foot office building in located at 10700 North Freeway in Houston. Warren Hitchcock, vice president of NorthMarq Capital’s Houston, arranged the
acquisition financing for Tower Park North.
The short-term bridge transaction was aggressively structured with a four-year term with extension options on an interest-only basis. The non-recourse nature of the loan combined with an attractive fixed-rate, creative structure, and earn-out potential met all the borrower’s demands on this acquisition financing…
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