NorthMarq arranges acquisition financing of $7,631,000 for The Burgundy in Dallas, Texas
DALLAS, TEXAS (March 19, 2020) – NorthMarq's Orlando-based office and Will Hancock, vice president of NorthMarq's Dallas-based office collaborated to arrange acquisition financing of $7,631,000 for The Burgundy. The property contains 111 apartment units out of 180 total in the condo, and is located at 11911 Marsh Lane in Dallas, Texas. The transaction was structured with a 10-year term with 3-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing on behalf of the borrower through its relationship with Barclays Capital. NorthMarq also arranged the sale of the asset through its Multifamily Investment Sales platform.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
