NorthMarq Capital's Dallas office arranges $22.625 million in construction/equity financing for multifamily in Garland, Texas
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.
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.
