Northmarq arranges Freddie Mac refinance for Hendrix Apartments

Hendrix Apts
multifamily community

Photo is property of CoStar

ARLINGTON, Texas — James Currell of Northmarq’s Dallas-based Debt + Equity team secured the external refinance for Hendrix Apartments, a 248-unit multifamily community located at 3020 E. Park Row Dr. in Arlington, Texas.

Northmarq arranged the permanent floating loan on behalf of the borrower, FCP, through a correspondent relationship with Freddie Mac. The transaction was structured on a seven-year term with five years interest only and a 35-year amortization schedule.

Built in 1970, Hendrix Apartments offers one-, two- and three-bedroom apartment homes with modern finishes and hardwood-style flooring. The garden-style apartments feature community amenities including a fitness center, resort-style pool, clubhouse and easy access to major   throughways as well as entertainment and employers. 

View Available Multifamily Listings
View Available Garden Apartments Listings

Meet our team

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.
Transactions

Related Transactions

Explore all transactions
NM Web Icon News Black

Stay on top of industry research

Subscribe