NorthMarq Capital arranges acquisition financing of $3,015,000 for Vista Ridge Plaza II in Lewisville, Texas
Vista Ridge Plaza II
DALLAS (June 15, 2018) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas regional office, arranged acquisition financing of $3,015,000 for Vista Ridge Plaza II, a retail property consisting of 10,107 sq. ft., located in Lewisville, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a national bank. “This loan provided the borrower with acquisition financing to accommodate a 1031 exchange and a tight closing timeframe in 29 days,” said Dickinson.
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.
