Multifamily - Debt, Sale


NorthMarq arranges sale and financing of View at Lake Highlands Apartments in Dallas, Texas

DALLAS, TEXAS (September 3, 2020)  View at Lake Highlands, a 292-unit multifamily asset is located on a unique site that is just over 14 acres in what is a highly accessible yet secluded Lake Highlands neighborhood at 9855 Shadow Way in Dallas, Texas.

“View at Lake Highlands is located on an appealing site surrounded by mature trees and a park like setting,” said Snoddy. “Our buyer was intrigued by the long term viability of the location and strong in place cash flow.”

Acquisition financing for the transaction was arranged for the borrower through NorthMarq’s in-house Fannie Mae team with a 10-year term on a 30-year amortization schedule. “We were very pleased to deliver a maximized loan with 5 years interest only during these uncertain times. It was a group effort from our Fannie team and Fannie to deliver such a great loan for the borrower. We have financed many deals in the Lake Highlands submarket which I believed help us provide information to deliver a loan even better than our application,” said Whitehead.

 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.