NorthMarq’s Paul Brighton arranges refinance of multifamily property in Waxahachie, Texas
Multifamily Property
DALLAS, TEXAS (June 20, 2019) – Paul Brighton, senior vice president/senior director of NorthMarq’s Dallas-based regional office, completed the refinance of a 112-unit multifamily property located in Waxahachie, Texas. The transaction was structured with a 10-year term with 5-years of interest-only followed by a 30-year amortization schedule. The new loan replaced the original construction loan for the property.
“The lender provided the right combination of flexible terms and loan proceeds,” explained Brighton.
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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.
