DALLAS – (May 12, 2015) Paul C. Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas based regional office arranged acquisition financing for 10 acres of land in close proximity to Toyota Stadium (the home of FC Dallas, a Major League Soccer franchise) in Frisco, Texas. The transaction, which featured a quick close, was structured with a 2-year term with 2-years interest only. NorthMarq arranged financing for the borrower through its relationship with a local bank.
“NorthMarq capitalized on its relationship with a local bank to provide a fast closing for a long-term, valued client,” said Brighton. “The bank immediately understood the value of the parcel’s strategic location in a fast growing part of the city. They were able to move quickly for the buyers, a group of local investors.”