**Hines, Diversified Secure $129.7M Refinance for Dallas High-Rise The Victor**
Northmarq’s Debt + Equity team, led by Kevin McCarthy, Jeff Frankel, and Alex Czachor, has arranged a $129.7 million refinancing for The Victor, a 344-unit luxury residential tower located in the Victory Park neighborhood of Dallas, Texas.
The 39-story high-rise, completed in 2020, received a permanent, fixed-rate loan through Northmarq’s Fannie Mae DUS platform on behalf of the joint venture between Hines and Diversified Real Estate Capital. The financing includes full-term interest-only payments and is underwritten on a 35-year amortization schedule.
Completed in 2022, The Victor offers premium amenities including a pool, fitness center, game lounge, skyline terrace, and dog park. The residential community features studio to three-bedroom units with rents ranging from $1,872 to $16,543. In addition to its residential offerings, The Victor also includes 9,500 square feet of retail space.
