PHOENIX, ARIZONA (November 13, 2019) – James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office negotiated the $23.6 million refinance of The Greens of Fossil Lake. The multifamily property is located at 5960 Travertine Lane in Fort Worth, Texas.
– 10-year interest-only term.
– Permanent-fixed loan
– NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
– The class A+ property contains 288 units
“The borrower wanted a full-term interest-only loan and Fannie Mae offered the most competitive pricing with the most loan dollars.”
– James DuMars