Bart Dickinson, vice president of NorthMarq Capital’s Dallas-based regional office, arranged the $3.5 million refinance of Oak Lawn Crossing shopping center, a 19,500 sq. ft. retail property located at 2920 Oak Lawn Avenue, Dallas, Texas. The transaction was structured with a 12-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This refinance allowed the borrower to cash out some equity in the property to deploy in other properties and lock in a very low interest rate for 12 years,” said Dickinson.

About NorthMarq Capital

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in more than $12 billion in annual production volume and a loan portfolio of more than $47 billion. For more information please visit www.northmarq.com.