Retail - Debt

NorthMarq Capital arranges $13.925 million mortgage for Preston Creek Shopping Center in Plano, Texas

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.