Warren Hitchcock Of NorthMarq Arranges Loan For Houston Office Building

The acquisition loan was arranged for Westchase Royal Oaks, a 250,000-square-foot office building located at 11212 Westpark Dr, Houston, TX, 77042 in the Houston market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Borrower's Rep: Warren Hitchcock (NorthMarq)
• Lender: Unknown life insurance company
• Loan Structure: Five-year term with two years of interest-only payments, followed by a 25-year amortization schedule.
• Loan-to-Value Ratio: 70%
• Interest Rate: 3.75% fixed

Warren Hitchcock from NorthMarq facilitated the loan for the acquisition of the office building. The borrower and the direct lender involved in the transaction have not been disclosed.