Retail - Debt

NorthMarq Capital’s Dallas office finalizes $3.5 million refinance of Oak Lawn Crossing Shopping Center

DALLAS (June 8, 2016) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas-based regional office, arranged the $3.5 million refinance of Oak Lawn Crossing S.C., a 19,500 sq. ft. retail property located at 2920 Oak Lawn Avenue in Dallas, Texas. The transaction was structured with a 12-year term and a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This refinance allowed the borrower to cash out some equity in the property to deploy in other properties and lock in a very low interest rate for 12 years,” said Dickinson.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.