NorthMarq’s Phoenix office arranges $23.6 million refinance of The Greens of Fossil Lake in Fort Worth, Texas

The Greens of Fossil Lake
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PHOENIX, ARIZONA (November 13, 2019) – James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office negotiated the $23.6 million refinance of The Greens of Fossil Lake. The multifamily property is located at 5960 Travertine Lane in Fort Worth, Texas.  

Financing Details:
- 10-year interest-only term.
- Permanent-fixed loan
- NorthMarq arranged financing for the borrower through its in-house Fannie Mae team. 

Property Details:
- The class A+ property contains 288 units

Producer Quote:
“The borrower wanted a full-term interest-only loan and Fannie Mae offered the most competitive pricing with the most loan dollars.”

- James DuMars

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.