NorthMarq Capital’s Dallas office finalizes $3.5 million refinance of Oak Lawn Crossing Shopping Center
Oak Lawn Crossing S.C.
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.
About Northmarq
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.
