Northmarq’s Houston office completes $2 million in non-recourse acquisition financing for Broussard Industrial Park in Broussard, Louisiana
HOUSTON, TEXAS (March 28, 2022) – Matt Franke, senior vice president in Northmarq’s Houston-based debt/equity team, arranged acquisition financing of $2 million for Broussard Industrial Park. The 27,000 sq. ft. industrial property (low-finish office/warehouse) consists of four buildings on 5.91 acres and is located at 205 LA-96 Broussard, Louisiana. The transaction was secured with a 3.9 percent interest rate with a 10-year term on a 25-year amortization schedule. Northmarq arranged financing for the borrower, an individual regional investor, through its correspondent relationship with a life insurance company.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
