NorthMarq Capital’s Dallas office arranges $4.85 million refinance for multifamily property in Dallas, Texas
East Dallas Multifamily
DALLAS (July 19, 2016) – Phillip Bankhead, senior vice president of NorthMarq Capital’s Dallas-based regional office, arranged a $4.85 million refinance for a 144-unit multifamily property located in East Dallas, Texas. The transaction was structured with a 25-year term with a 10-year initial fixed interest rate. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This was a long-term fixed-rate refinancing of the owner’s initial acquisition and renovation loan,” said Bankhead.
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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.
