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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