DEAL OF THE DAY: NorthMarq Helps Refi CMBS Loan with $4.2M Mortgage from Alternative Capital Source

Garland, Texas – Paul Brighton, senior vice president and senior director of NorthMarq Capital’s Dallas Regional office, arranged first mortgage financing of $4.2 million for Country Village Apartments, a 160-unit multifamily property located at 4362 W. Walnut in Garland, Texas.

Financing was based on a seven-year term and was arranged by NorthMarq for the borrower, American Nortex Investment Inc. Brighton states, “My client was able to refinance his CMBS loan on a long-term basis at an attractive fixed rate without going through the agencies or FHA.”