Refinance through NorthMarq Capital’s Dallas office lowers debt service costs
Pleasant Run Apts
DALLAS – (May 12, 2015) Paul C. Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas based regional office arranged refinancing for Pleasant Run Apartments, a 240 unit multifamily property located at 2525 West Pleasant Run Road in Lancaster, Texas. The high leverage/very low interest rate loan was structured with a 10-year term with 2-years interest only. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “NorthMarq was able to substantially lower debt service costs for a long-time and valued client while maximizing loan proceeds and providing a few years of interest only,” noted Brighton. “The loan was originated through a CMBS lender and NorthMarq will service the loan for the duration of the term.”
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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.
