Industrial

NorthMarq Capital’s Dallas office arranges $1.717 million supplemental finance of Harry Empire in Dallas, Texas

DALLAS (January 2, 2018) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas regional office, negotiated refinancing of $1,717,000 for Harry Empire, a 41,731 sq. ft. industrial property in Dallas, Texas. The transaction was structured by a 20-year loan term on a 20 year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

“The supplemental loan accommodated the borrowers request to recapture some equity, and make additional purchases,” noted Dickinson.

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.