NorthMarq Capital arranges refinance for Victoria Heights in Lewisville, Texas
Victoria Heights Apts
DALLAS (August 8, 2014) – Paul Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas based regional office arranged the refinance of Victoria Heights, 37 newly constructed individual townhome buildings located at 290 Country Ridge Road in Lewisville, Texas. The transaction was structured with a 23-year term and 23-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company.
“Despite the lack of operating history for this brand new property, our lender immediately recognized the quality and value of the asset. They provided a long term loan with a fixed interest rate through a quick and simple execution.” said Brighton.
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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.
