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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
