Northmarq Provides $68.8M Agency Loan for Refinancing of Texas Multifamily Portfolio
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Antonio industrial demand along the I-35 corridor has been driven by spillover from the larger Texas Triangle gateways. Multifamily fundamentals are steady. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- The fifth San Antonio story tracked on the wire in October 2026. All San Antonio coverage →
- Disclosed multifamily deal value tracked in October 2026: $1.9B across 29 reported transactions. All Multifamily coverage →
- 50 stories mentioning Northmarq on the wire in the past 90 days. Northmarq coverage →
Computed from Real Estate Trail’s own tracked coverage
HOUSTON AND SAN ANTONIO — Northmarq has provided a $68.8 million Freddie Mac loan for the refinancing of a portfolio of three multifamily properties totaling 940 units in Texas. Two of the properties — Holden Heights…
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