NorthMarq arranges sale and financing of the Chronos Portfolio in DFW

Chronos Portfolio
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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

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.

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