Multifamily - Debt

NorthMarq arranges acquisition financing of $7,631,000 for The Burgundy in Dallas, Texas

DALLAS, TEXAS (March 19, 2020) – Melissa Marcolini Quinn, managing director/senior vice president of 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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.