Northmarq’s Dallas office completes refinancing of The Xander at James Apartments in Fort Worth, Texas

The Xander at James Apts

Debt & Equity

Multi-Tenant

DALLAS, TEXAS (March 3, 2023) — Patrick Elliott, vice president from Northmarq’s Dallas debt team, arranged the refinance of The Xander at James Apartments, a 71-unit multifamily property located at 5612 James Avenue in Fort Worth, Texas. Northmarq’s Fannie Mae DUS team was able to provide a 10-year fixed rate.

“We were able to lean on our Fannie team to deliver an execution that our client was very pleased with. This was a cash-out refinance that allowed our borrower to fix their interest rate in a volatile market while also offering an attractive flexible prepayment structure,” said Elliott.

Built in 1965, The Xander at James Apartments is a two-story, garden-style community situated just northwest of the Fort Worth central business district. The property offers studio and one-, two-, three-, and four-bedroom apartments ranging from 493 to 2,062 sq. ft. The pet-friendly community offers updated décor including large walk-in closets and modern kitchens and a quiet, relaxing exterior atmosphere with playgrounds and pergolas. Residents enjoy living near a tranquil lake with access to the city amenities. The Xander at James is located within 10 minutes from Texas Christian University and the Fort Worth Zoo and less than three minutes from three shopping centers.

Apartment amenities include: Walk-in closets, modern stainless steel appliances, vinyl flooring, large bedrooms, tub/shower, air conditioning, and high-speed internet access. Community amenities include: Laundry facilities, controlled access, video patrol, dog park, on-site property manager, grill, cabana/pergola, playground, courtyard, and on-site maintenance.

View Available Multifamily Listings

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.