NorthMarq Capital’s Minneapolis and Dallas offices collaborate to arrange acquisition financing of $18.2 million for Alexan Trinity in downtown Dallas

DALLAS (July 30, 2015) – NorthMarq Capital's Minneapolis office collaborated with NorthMarq Capital’s Dallas office arranged acquisition financing of $18.2 million for Alexan Trinity, a 167 unit multifamily property located at 333 East Greenbrier Lane in Dallas, Texas. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property features unobstructed views of downtown Dallas. “This was a very unique location that catered to a different renter than uptown or downtown,” said Whitehead. “The opening of the Dallas Street Car by the property, its proximity to the hot Bishop’s Arts District and its unobstructed views of the downtown makes it different from its competitors in its micro-market. We found a life company lender that understood these demand characteristics and they stretched to get a full loan for this acquisition.”