Multifamily

NorthMarq Capital’s Dallas office arranges Prudential Green $1.4 million refinance of Greenhill Apartments in Grand Prairie, Texas

DALLAS (December 18, 2017) – Ruth Davis, vice president of NorthMarq Capital’s Dallas regional office, negotiated the $1.4 million refinance of a 50-unit multifamily property located in Grand Prairie, Texas. The apartment complex is pet-friendly and offers a wide range of amenities. NorthMarq arranged financing for the borrower through its Fannie Mae Prudential Green program.

“This property had been nicely renovated by the current owner providing quality workforce housing to the area,” noted Davis.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.