NORTHMARQ ARRANGES $32 MILLION MULTIFAMILY LOAN

DALLAS — The Dallas office of NorthMarq Capital has arranged $32 million in first-mortgage financing for St. Moritz Apartments, a 392-unit multifamily community located in Dallas. The loan carries a 10-year term and a 30-year amortization schedule. Phillip Bankhead of NorthMarq secured the financing for the borrower, Berkeley Industries, through the lender, AmeriSphere Multifamily Finance, a Fannie Mae DUS lender.