NorthMarq arranges sale and financing of Bayou Bend and Pecan Square in Dallas, Texas
Date: November 23, 2021
Bayou Bend
Size: 308 Units
Year Built: 1981 Construction
Location: 3353 Lombardy Lane, Dallas, Texas
Pecan Square
Size: 440 Units
Year Built: 1983 Construction
Location: 3350 Lombardy Lane, Dallas, Texas
Financing Terms: Financed as 2 separate loans with the same lender. 70% leverage for a 3 year term with full interest only
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.