NorthMarq arranges sale and financing of the Chronos Portfolio in DFW
Chronos Portfolio
Date: November 29, 2021
Vistas of Pinnacle Park
Size: 332 Units
Year Built: 2003
Location: 599 West Davis Street, Dallas, Texas
Savoy of Garland
Size: 144 Units
Year Built: 2008
Location: 608 Rowlett Road, Garland, Texas
Huntington Ridge
Size: 198 Units
Year Built: 2007
Location: 821 South Polk Street, Desoto, Texas
River Oaks
Size: 180 Units
Year Built: 2002
Location: 2000 Country Club Road, Wylie, Texas
Mariposa Villas
Size: 216 Units
Year Built: 2003
Location: 1531 Duncanville Road, Dallas, Texas
Financing Terms:
75% LTC (74% of PP +100% Capex)
3 year term – initial 3 years are IO and extensions have 30-year amortization
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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.
