NorthMarq Capital’s Los Angeles office secures $50 million refinance of Marquis at Waterview in Richardson, Texas
LOS ANGELES (November 14, 2016) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office finalized the $50,000,000 refinance of Marquis at Waterview, a 528-unit multifamily property located at 800 West Renner Road in Richardson, Texas. The transaction was structured with a 10-year interest-only term. NorthMarq arranged financing for the borrower, CWS Capital Partners LLC, through its Fannie Mae DUS program. “This was recapitalized into a ten year interest-only Fannie Mae SARM that provided substantial cash-out,” said Elmore.
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.
