Northmarq finalizes construction loan for 1.35 million sq. ft. industrial distribution center in Wilmer, Texas
The Dallas financing team also arranged joint venture equity for the transaction
DALLAS, TEXAS (August 3, 2022) –Bobby Weinberg, senior vice president/managing director, Mason Brower, vice president, and Phillip Askew, senior vice president/managing director of Northmarq’s Dallas debt/equity team, collaborated to secure debt and joint venture equity for a 1,350,000 sq. ft. industrial project in South Dallas. The transaction was structured with a 4-year interest only term on the construction loan with the equity partner bringing a significant portion of the required capital. Northmarq arranged financing for the borrower through its relationship with a regional bank.
“Our team was able to provide accretive solutions across the capital stack for this development by securing competitive construction financing and bringing an institutional equity partner into the fold,” said Weinberg.
Meet our team
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.
