DALLAS (October 2, 2013) – Paul Brighton, senior vice president and senior director of NorthMarq’s Dallas regional office, arranged refinancing of $13.925 million for Preston Creek Shopping Center, a 79,770 sq. ft. neighborhood retail center located in Plano, Texas. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender. “The owner was searching for a non-recourse, fixed-rate financing option for a property that had not quite reached stabilization,” Brighton said. “This loan provided the solution with very attractive pricing and a structure to provide funds for the remaining lease-up.”
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