NorthMarq Capital’s Dallas office arranges acquisition financing of $7.09 million for Willow Ridge in Houston, Texas
Willow Ridge
DALLAS (August 27, 2015) – Bobby Weinberg, with NorthMarq Capital’s Dallas based regional office arranged acquisition financing of $7.09 million for Willow Ridge, a 261 unit multifamily property located at 12800 Dunlap Street in Houston, Texas. NorthMarq arranged the full leverage loan, which is pre-payable after 5-years for 1%, through a Fannie Mae DUS program. “We were able to provide the client a maximum leverage loan with flexible prepayment terms that will allow them to acquire and execute on their business plan,” said Weinberg.
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.
