NorthMarq Capital arranges acquisition financing of $13.05 million for multifamily property in Wichita Falls, Texas
DALLAS (October 3, 2017) – NorthMarq’s Dallas office arranged acquisition bridge financing of $13.05 million for a 326-unit multifamily property located in Wichita Falls, Texas. The transaction was structured with a 5-year term with 2-years of interest only followed by a 30-year amortization. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
