Industrial

NorthMarq Capital’s Dallas office arranges $3.6 million refinance of Melnic 9773 in Dallas, Texas

DALLAS (January 2, 2018) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas regional office, secured refinancing of $3,600,000 for Melnic 9773, a 17,200 sq. ft. industrial property in Dallas, Texas. The transaction was structured by a 25-year loan term on a 25 year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

“This long term refinance enable the borrower to recapture some equity and lock in a long-term fixed-rate loan,” said 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.