April 15, 2013

NorthMarq Capital arranged $4.9 million mortgage for Northwest Plaza in Grapevine, Texas

Northwest Plaza

Debt & Equity

Multi-Tenant

DALLAS (April 15, 2013) – Bart Dickinson, vice president of NorthMarq’s Dallas regional office, arranged first mortgage refinancing of $4.9 million for Northwest Plaza, a 101,000 sq. ft. retail center located at 1601 West Northwest Highway in Grapevine, Texas. Dollar General, Tuesday Morning, and Bealls are major tenants at the center. Financing was based on a 15-year term and a 15-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

Available Retail (MT) properties

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.