NorthMarq Capital’s Dallas office completes refinance of Oakridge Centre in Garland, Texas
Oakridge Centre
DALLAS (March 15, 2016) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas office arranged the refinance of Oakridge Centre, a 29,000 sq. ft. retail property located at 3315 Belt Line Road in Garland, Texas. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“This refinancing provided funds to pay off a maturing CMBS loan and provide for additional funding for future lease up,” said Dickinson. “The borrower also locked in a low rate fully amortizing mortgage for the project.”
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
