NORTHMARQ ARRANGES MORE THAN $38M IN FINANCING IN TEXAS

IRVING, GARLAND AND DALLAS — NorthMarq Capital has arranged first mortgage financing for the following developments:

• Oaks Hackberry Creek Apartments, a 432-unit multifamily located at 6901 N. State Hwy. 161 in Irving, has received $19.23 million in financing. Northmarq’s James Hoopes and Stephen Whitehead arranged financing based on a 10-year term and a 30-year amortization schedule through NorthMarq’s relationship with Freddie Mac.
• 5th Street Crossing, a mixed-use development in Garland consisting of 188 apartment units and 12,130 square feet of commercial space, has received $10 million in financing. Hoopes and Whitehead arranged the financing through NorthMarq’s relationship with Aviva Investors of North America, Inc.
• Inwood/Trinity Business Center, a 718,000-square-foot industrial center located in Dallas, has received $9.5 million in financing. NorthMarq’s Bart Dickinson arranged financing based on a 10-year term and a 25-year amortization schedule through NorthMarq’s relationship with Sun Life of Canada.