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3039 Nowitzki Way

NorthMarq Secures $129.7 Million Fannie Mae Loan For Refinancing The Victor Dallas Multifamily
FINANCEDMultiFamily

NorthMarq Secures $129.7 Million Fannie Mae Loan For Refinancing The Victor Dallas Multifamily

3039 Nowitzki Way

$129,700,000

Building Size

Asset Type

MultiFamily

Closing

Jul 30, 2025

AI

The Victor, located at 3039 Nowitzki Way in Dallas, is a multifamily asset comprising 39 luxury units. The property was completed in 2022 and includes amenities along with retail space. This transaction involves a refinancing loan secured through Fannie Mae, amounting to $129,700,000, with a fixed rate and a 35-year amortization.

Summary of transaction details:

NorthMarq played a critical role in securing financing for the refinancing of The Victor. The represented parties included Laura Hines-Pierce and Lawrence F. Levy, who are the landlords for this multifamily asset, while Kevin McCarthy, Jeff Frankel, and Alex Czachor were the brokers involved in facilitating the transaction.

Players

Jeff Frankel

NorthMarq

Broker

$144.3M

vol

2 deals

Broker
Hines
HinesBrokerage
NorthMarq
NorthMarqBrokerage
Fannie Mae
Fannie MaeLender
Laura Hines-Pierce

Laura Hines-Pierce

Hines

Landlord

$3.8B

vol

36 deals

Landlord

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93