May 27, 2015

NorthMarq Capital finalizes $6.5 million refinance of Lakewood Village Shopping Center in Dallas, Texas

Lakewood Village Shopping Center

Debt & Equity

Multi-Tenant

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.

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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.