NorthMarq’s Dallas office arranges bridge loan for office property in Irving, Texas
Office Property
DALLAS, TEXAS (March 20, 2019) – Paul Brighton, senior vice president/senior director of NorthMarq’s Dallas-based regional office arranged a bridge loan for a 40,000 sq. ft. office property located in Irving, Texas. The transaction was structured with a 12-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with an institutional lender.
“NorthMarq was able to arrange financing in a very tight timeframe,” noted Brighton. “We received the deal and were closed within 15 business days.”
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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.
