NorthMarq Capital's Houston office arranged Refinancing for Oak Lawn Heights Apartments in Dallas, Texas
Oak Lawn Heights Apts
HOUSTON (February 21, 2013) – Tony Gray, senior director, and Kristi Johnson, assistant vice president, of NorthMarq’s Houston regional office, arranged first mortgage financing for the refinance of Oak Lawn Heights Apartments, a 137-unit market-rate multifamily property located at 2600 Arroyo Avenue in Dallas, Texas. Financing was based on a 10-year term and a 15-year amortization schedule and was arranged for the borrower, Knot Your Ordinary Apartments, LLC, through NorthMarq’s relationship with a Fannie Mae lender. “We are pleased to have arranged such attractive financing for the borrower, including a highly competitive coupon and prepayment flexibility,” said Gray. “From application to closing NorthMarq and the lender were able to execute the refinance in less than 75 days, even given record fourth quarter pipelines.”
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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.
