NorthMarq Capital's Dallas office arranges $22.625 million in construction/equity financing for multifamily in Garland, Texas
Age-Restricted Multifamily
DALLAS (September 30, 2017) – NorthMarq Capital's Dallas office arranged construction/equity financing of $22.625 million for a 154-unit, age restricted, multifamily property located in Garland, Texas. The transaction was structured with a 5-year term, with 3 years interest only followed by a 30 year amortization thereafter.
NorthMarq arranged financing for the borrower through its relationship with a regional bank and a local equity investor.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
