NorthMarq arranges sale and financing of the Chronos Portfolio in DFW
Date: November 29, 2021
Vistas of Pinnacle Park
Size: 332 Units
Year Built: 2003
Location: 599 West Davis Street, Dallas, Texas
Savoy of Garland
Size: 144 Units
Year Built: 2008
Location: 608 Rowlett Road, Garland, Texas
Huntington Ridge
Size: 198 Units
Year Built: 2007
Location: 821 South Polk Street, Desoto, Texas
River Oaks
Size: 180 Units
Year Built: 2002
Location: 2000 Country Club Road, Wylie, Texas
Mariposa Villas
Size: 216 Units
Year Built: 2003
Location: 1531 Duncanville Road, Dallas, Texas
Financing Terms:
75% LTC (74% of PP +100% Capex)
3 year term – initial 3 years are IO and extensions have 30-year amortization
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.
