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.
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.
