NorthMarq’s Dallas office arranges acquisition financing for Belmont Ridge and The Villas Apartments in Lubbock, Texas
DALLAS (March 15, 2018) – NorthMarq's Dallas regional office, arranged acquisition financing for Belmont Ridge and The Villas Apartments, two multifamily properties consisting of a combined 97-units located in Lubbock, Texas. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, EBG Acquisitions, through its in-house Fannie Mae platform. Despite the four-mile distance between properties, which was a challenge, NorthMarq was able to secure both properties into a single loan.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
