Northmarq Secures $25.4 Million Construction Financing for Shopping Center in Metro Dallas

Frisco, Texas — Northmarq has secured $25.4 million in financing for the construction of Lexington Village Shopping Center in Frisco, roughly 30 miles north of Dallas. Upon completion, the Tom Thumb-anchored development will comprise 90,000 square feet situated on 15 acres within a 600-acre master-planned, mixed-use development. Bobby Weinberg and Mason Brower of Northmarq arranged the loan, which carries a 5-year term with 3 years of interest only, followed by a 30-year amortization schedule. A local bank provided the financing.

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