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