NorthMarq Capital’s Dallas office finalizes $3.5 million refinance of Oak Lawn Crossing Shopping Center
Oak Lawn Crossing S.C.
DALLAS (June 8, 2016) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas-based regional office, arranged the $3.5 million refinance of Oak Lawn Crossing S.C., a 19,500 sq. ft. retail property located at 2920 Oak Lawn Avenue in Dallas, Texas. The transaction was structured with a 12-year term and a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “This refinance allowed the borrower to cash out some equity in the property to deploy in other properties and lock in a very low interest rate for 12 years,” said Dickinson.
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.
