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:
- Property Type: MultiFamily
- Transaction Amount: $129,700,000
- Lender: Fannie Mae
- Landlord: Laura Hines-Pierce - Hines & Lawrence F. Levy - Diversified Real Estate Capital
- Brokers: Kevin McCarthy, Jeff Frankel & Alex Czachor - NorthMarq
- Date: 07/30/2025
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
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