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.