NorthMarq Capital’s Dallas office arranges $4.85 million refinance for multifamily property in Dallas, Texas

East Dallas Multifamily
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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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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