Warren Hitchcock, senior vice president senior director of NorthMarq Capital’s Houston regional office, arranged refinancing for Hidden Lakes Phase III, a 9,000 sq. ft. retail property located in League City, Texas. NorthMarq provided a non-recourse, lower leverage, long term life company loan to take out the borrower’s original construction debt. The 15-year term loan has a rate in the 4.0 percent’s on a 25-year amortization schedule.

“This property was phase III in a retail development, where the borrower refinanced each phase with the same lender. The lender’s terms were well ahead of the market proving that relationships and commitments matter in the capital markets. The lender and borrower were both very happy with the execution, terms, and closing. NorthMarq has a high level of repeat business, and this is a great example.” said Hitchcock.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information, please visit www.northmarq.com.