NorthMarq Capital finalizes $6.5 million refinance of Lakewood Village Shopping Center in Dallas, Texas
Lakewood Village Shopping Center
DALLAS (May 27, 2015) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas based regional office arranged the $6.5 million refinance of Lakewood Village Shopping Center, a 50,964 sq.ft. infill Dallas retail center located at 6434-6444 East Mockingbird Lane in Dallas, Texas. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This refinance enabled this long-term owner to lock in a long-term rate at today’s low rates and facilitate a façade renovation of the 70’s vintage center without any escrows or holdbacks,” noted Dickinson.
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.
