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.”
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.
