Northmarq finalizes construction loan for 1.35 million sq. ft. industrial distribution center in Wilmer, Texas

Industrial Distribution Center
Debt & Equity
Multi-Tenant
Permanent Loan - Fixed
Bank
Build-To-Rent
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The Dallas financing team also arranged joint venture equity for the transaction

DALLAS, TEXAS (August 3, 2022) –Bobby Weinberg, senior vice president/managing director, Mason Brower, vice president, and Phillip Askew, senior vice president/managing director of Northmarq’s Dallas debt/equity team, collaborated to secure debt and joint venture equity for a 1,350,000 sq. ft. industrial project in South Dallas. The transaction was structured with a 4-year interest only term on the construction loan with the equity partner bringing a significant portion of the required capital. Northmarq arranged financing for the borrower through its relationship with a regional bank. 

 “Our team was able to provide accretive solutions across the capital stack for this development by securing competitive construction financing and bringing an institutional equity partner into the fold,” said Weinberg.  

 

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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.
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