NorthMarq Capital arranged construction financing for Crest Manor Phase II in Lewisville, Texas
Crest Manor Phase II
DALLAS (March 21, 2013) – Paul Brighton, senior vice president and managing director, of NorthMarq’s Dallas regional office, arranged construction financing for Crest Manor Phase II, a 288-unit market-rate multifamily community located at 940 W. Round Grove Road in Lewisville, Texas. NorthMarq arranged this financing for the developer through its relationship with a national bank. Development of Phase II will complete the multifamily component of Crest Manor. Phase I, comprised of 312 units, opened in 2010 and is fully leased. “Our client builds and operates some of the nicest luxury garden apartments in the market,” said Brighton. “The bank was quick to get comfortable with the area and delivered a loan package that satisfied the developer’s needs. The construction of Phase II will be underway soon.”
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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.
