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3039 Nowitzki Way

Updated Jul 31, 2025

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

Units

39

Asset Type

MultiFamily

Closing

Jul 30, 2025

About this deal

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.

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$129,700,000

MultiFamily

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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

$4.2B

vol

44 deals

Landlord
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Dallas MultiFamily Market Snapshot

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Deal FAQ

About $3.3M per unit across 39 units on a published $129.7M (2025).

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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

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