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.