NorthMarq arranges acquisition financing of $7,631,000 for The Burgundy in Dallas, Texas
The Burgundy Apts
DALLAS, TEXAS (March 19, 2020) – NorthMarq's Orlando-based office and Will Hancock, vice president of NorthMarq's Dallas-based office collaborated to arrange acquisition financing of $7,631,000 for The Burgundy. The property contains 111 apartment units out of 180 total in the condo, and is located at 11911 Marsh Lane in Dallas, Texas. The transaction was structured with a 10-year term with 3-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing on behalf of the borrower through its relationship with Barclays Capital. NorthMarq also arranged the sale of the asset through its Multifamily Investment Sales platform.
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.
