NorthMarq Capital arranges acquisition financing for Dallas Arts Center
Dallas Arts Center
DALLAS (November 13, 2015) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas based regional office arranged acquisition financing for Dallas Arts Center, a 66,000 sq.ft. office property located at 2030 Main Street in Dallas’ central business district. The transaction was structured with a 15-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“This loan enabled the borrower to refinance a near maturity fully-amortizing existing loan and re-leverage the building into a new 15-year loan at a sub-four percent rate,” 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.
