NorthMarq Capital arranged construction financing for Crest Manor Phase II in Lewisville, Texas
Crest Manor Phase II
DALLAS (March 21, 2013) – Paul Brighton, senior vice president and managing director, of NorthMarq’s Dallas regional office, arranged construction financing for Crest Manor Phase II, a 288-unit market-rate multifamily community located at 940 W. Round Grove Road in Lewisville, Texas. NorthMarq arranged this financing for the developer through its relationship with a national bank. Development of Phase II will complete the multifamily component of Crest Manor. Phase I, comprised of 312 units, opened in 2010 and is fully leased. “Our client builds and operates some of the nicest luxury garden apartments in the market,” said Brighton. “The bank was quick to get comfortable with the area and delivered a loan package that satisfied the developer’s needs. The construction of Phase II will be underway soon.”
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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.
