Northmarq’s Chicago Debt + Equity team, led by Kevin McCarthy, Jeff Frankel and Alex Czachor, secured a $129.7 million refinancing for The Victor, a 344-unit luxury high-rise in the Victory Park neighborhood of Dallas, Texas.
The permanent, fixed-rate loan was arranged through Northmarq’s Fannie Mae DUS platform on behalf of the joint venture between Houston based – Hines and Chicago based – Diversified Real Estate Capital.
Completed in 2022, The Victor is a premier multifamily tower featuring top-of-market unit finishes and hospitality-inspired amenities, situated in a dynamic, rapidly transforming entertainment and employment district. The fixed-rate loan carries full-term interest-only payments, underwritten on a 35-year amortization schedule.
