NorthMarq Secures $18M Loan for Wade Crossing Apartments

FRISCO, TX-NorthMarq Capital has secured $17.9 million in debt financing for a multifamily community in Frisco.

By GlobeSt News Hub | August 29, 2011 at 01:01 AM

FRISCO, TX-NorthMarq Capital has secured $17.9 million in debt financing for a multifamily community in Frisco. The firm has arranged the loan for Wade Crossing Apartments, an apartment community consisting of 336 units at 9399 Wade Blvd.

NorthMarq arranged the financing through Freddie Mac. The financing has a seven-year term with interest for only two years and it was based a 30-year amortization schedule. Greg Duvall with NorthMarq handled the deal. For the full story, go to Dallas Business Journal .

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