Multifamily - Debt, Sale

NorthMarq arranges sale and financing of the Chronos Portfolio in DFW

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 an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.