NorthMarq’s Dallas office arranges acquisition financing for Belmont Ridge and The Villas Apartments in Lubbock, Texas
Belmont Ridge & The Villas Apts
DALLAS (March 15, 2018) – NorthMarq's Dallas regional office, arranged acquisition financing for Belmont Ridge and The Villas Apartments, two multifamily properties consisting of a combined 97-units located in Lubbock, Texas. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, EBG Acquisitions, through its in-house Fannie Mae platform. Despite the four-mile distance between properties, which was a challenge, NorthMarq was able to secure both properties into a single loan.
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.
