NorthMarq Capital arranges refinance for Collins Commerce Center in Richardson, Texas
Collins Commerce Center
DALLAS (Feb. 17, 2014) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas based regional office arranged refinancing for Collins Commerce Center, a 75,000 sq.ft. office building located at 1601 North Collins, Richardson, Texas. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The life company lender funded a loan to enable the borrower to recapture some of the initial equity used to purchase the property and lock in a sub 5% rate for 15 years,” said Dickinson.
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.
