Northmarq Dallas arranges financing for 120-unit multifamily property in DFW MSA
Bachon Townhomes
Deon Green, vice president, and Kyle Summerford, vice president, of Northmarq’s Dallas Debt + Equity team, successfully arranged the cash out refinance of a 120-unit multifamily property at 505 Fleming Street in Wylie, Texas. Built in 2003, the property was refinanced through Northmarq’s long-standing relationship as a Freddie Mac Optigo lender under the Targeted Affordable Housing program. The permanent, fixed-rate loan was structured with a 5-year term and a 30-year amortization schedule.
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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.
