Warren Hitchcock Of NorthMarq Arranges $32M Loan For Gessner Apartments, Houston

The Gessner Apartments, a 500-unit MultiFamily community located at 6425 S Gessner Rd, Houston, TX, 77036, received a $32 million loan for refinancing. The loan was arranged by Warren Hitchcock of NorthMarq and was structured with a seven-year term. It includes two years of interest-only payments followed by a 25-year amortization schedule. The specific borrower and direct lender involved in the transaction were not disclosed.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $32,000,000.00
• Borrower's Rep: Warren Hitchcock (NorthMarq)
• Lender: Unknown life insurance company
• Address: 6425 S Gessner Rd, Houston, TX, 77036
• Market: Houston

The financing deal for the Gessner Apartments in Houston was facilitated by Warren Hitchcock from NorthMarq. The specific details regarding the borrower and direct lender remain undisclosed, highlighting the confidentiality maintained within the transaction.