NorthMarq Capital’s Dallas office arranges a quick close loan for land acquisition in Frisco, Texas
Land Acquisition
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.”
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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.
