Northmarq’s Debt + Equity team arranges $1.1M refinance of Red River Manufactured Housing Community in Burkburnett, TX
Red River MHC
Northmarq’s Phoenix Debt + Equity team led by Alex Quenzler successfully completed the $1.1 million external refinance of the Red River Manufactured Housing Community (MHC) located at 209 South Avenue B in Burkburnett, Texas.
Northmarq secured the permanent-fixed financing on behalf of the borrower, Red River Mobile Home Community LLC, through a correspondent relationship with a national credit union.
Red River MHC features 45 sites across two non-contiguous properties within walking distance of one another. Red River East features 14 sites, and Red River West features 31 sites.
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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.
