NorthMarq Capital arranges acquisition financing of $13.05 million for multifamily property in Wichita Falls, Texas

Multifamily Property
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.