February 17, 2014

NorthMarq Capital arranges refinance for Collins Commerce Center in Richardson, Texas

Collins Commerce Center

Debt & Equity

Multi-Tenant

DALLAS (Feb. 17, 2014) – Bart Dickinson, vice president of NorthMarq Capital’s Dallas based regional office arranged refinancing for Collins Commerce Center, a 75,000 sq.ft. office building located at 1601 North Collins, Richardson, Texas. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “The life company lender funded a loan to enable the borrower to recapture some of the initial equity used to purchase the property and lock in a sub 5% rate for 15 years,” said Dickinson.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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