NorthMarq Capital’s Dallas office arranges $13.475 million acquisition of Fort Worth multifamily via Fannie Mae Green Rewards Program

Valencia Apartment Homes

Debt & Equity

Multi-Tenant

DALLAS (September 5, 2017) – NorthMarq’s Dallas regional office, arranged $13,475,000 in acquisition financing for Valencia Apartment Homes, a 263-unit multifamily property located at 7301 Ederville Road in Fort Worth, Texas. The transaction was structured with a 12-year term with 4-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing (featuring a 4.24 percent interest rate) for the borrower, Nicholas Residential, through Fannie Mae’s Green Rewards Program. NorthMarq was able to secure great terms for the borrower using Fannie Mae’s Green Rewards program. The borrower plans to continue the community’s unit enhancement program for their latest value-add acquisition while reducing utility cost for their tenants.

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About Northmarq

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.