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