July 18, 2013

Northmarq Capital arranged $3.175 million mortgage for West Chase Apartments in Fort Worth, Texas

West Chase Apts

Debt & Equity

Multi-Tenant

LOS ANGELES (July 18, 2013) – David Blum, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged first mortgage refinancing of $3.175 million for West Chase Apartments, a 160-unit, market-rate multifamily property located at 2900 Gunnison Trail in Fort Worth, Texas. Financing was based on a 5-year term with a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender. “This transaction provided the borrower with $2 million cash-out from loan proceeds,” Blum said.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.