NorthMarq Capital arranges acquisition financing of $3,015,000 for Vista Ridge Plaza II in Lewisville, Texas
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.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
