Multifamily - Debt

NorthMarq’s Phoenix office arranges $23.6 million refinance of The Greens of Fossil Lake in Fort Worth, Texas

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.  

Financing Details:
– 10-year interest-only term.
– Permanent-fixed loan
– NorthMarq arranged financing for the borrower through its in-house Fannie Mae team. 

Property Details:
– The class A+ property contains 288 units

Producer Quote:
“The borrower wanted a full-term interest-only loan and Fannie Mae offered the most competitive pricing with the most loan dollars.”

– James DuMars

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.