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.