Northmarq completes $8.4 million refinance of Oaks 5th Street Crossing at City Station in Garland, Texas
MINNEAPOLIS, MINNESOTA (August 27, 2021) – Northmarq’s Minneapolis office collaborated with Stephen Whitehead, senior vice president/managing director of Northmarq’s Dallas office to arrange the $8.4 million refinance of Oaks 5th Street Crossing at City Station. The 188-unit multifamily property, built in 2009, is located at 351 North 5th Street in Garland, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
Meet our team
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.
