Number of delinquent mortgages decreases in DFW

12/15/2013 4:17 PM

12/16/2013 10:25 AM

In September, the latest month available, the number of delinquent mortgage holders in Fort Worth-Arlington continued to decline, according to a recent report by CoreLogic real estate data services firm.

In September, 4.14 percent of mortgage loans were 90 days or more delinquent compared with 4.74 percent in September 2012, CoreLogic said.

The area’s foreclosure rate among outstanding mortgages was 1.08 percent in September, a decrease of 0.31 percentage points from September 2012, when the foreclosure rate was 1.39 percent. The foreclosure rate is the lowest in more than three years, the report shows.

The rates are well below the national rates. In the U.S., the September delinquency rate was 5.21 percent and the foreclosure rate 2.29 percent, the report shows.

N3 Real Estate secures credit facility

Southlake-based N3 Real Estate, which owns, manages and develops leased retail assets nationwide, recently obtained a $105 million secured credit facility backed by a portfolio of more than 50 retail assets.

Holiday Fenoglio Fowler said it worked on behalf of N3 Real Estate to secure the financing through a bank syndicate including KeyBank Real Estate Capital, Regions Bank and Comerica Bank.

N3 Real Estate said it will use the credit facility to increase its portfolio. Founded in 2004, N3 Real Estate has developed more than 200 single- and multitenant projects for local and national retailers.

Duratile to expand Arlington location

Tennessee-based Dominion Enterprises has sold a vacant office/warehouse in the Great Southwest Industrial District to Duratile Natural Stone, a nearby tenant that wanted to expand.

The company expects to move in about two months to the new location, 925 111th St. in Arlington, according to the brokerage firm representing seller. The building has 36,606 square feet and sits on 2.08 acres. Duratile is moving from 20,000 square feet at 939 Ave. N in Grand Prairie.

Joe Santaularia, Kevin Santaularia and Michael Spain of Bradford Commercial Real Estate Services represented seller. Michael Stanzel. NAI Robert Lynn represented the buyer.

Transactions

690 E. Lamar Blvd., Arlington

The Arlington school district has leased 28,592 square feet of space and Priority Power Management 5,000 square feet of space in the Enterprise Centre. Kurt Cherry of PM Realty Group represented the landlord, Investors Warranty of America. David Ash of Ameris Commercial Realty Advisors represented the school district.

2410 Gravel Drive, Fort Worth

1 Priority has leased 6,500 square feet from Riverbend Properties. Donnie Rohde and George Jennings of Holt Lunsford Commercial represented the landlord.

598 N. Beach St., Fort Worth

SSI Products leased 19,200 square feet of industrial space from Melvin Evans Warehouses. Donnie Rohde and George Jennings of Holt Lunsford represented the tenant. Mike and Chris Parish represented the landlord.

5206 Airport Freeway, Haltom City

Mundo Tile has bought a 21,000-square-foot building from Finley & Son L.P. Donnie Rohde and George Jennings of Holt Lunsford and Matt Smith of Lee & Associates negotiated the sale.

5524 Midway Road, Haltom City

Siriphong Sirisaveth leased 2,250 square feet for an auto repair shop. Jim Eaton of Ron Sturgeon Real Estate negotiated the lease.

SWC Rufe Snow Drive and Watauga Road, Watauga

Dollar Tree, a discount variety store, has leased 8,450 square feet in Brooks Crossing shopping center. Steve Gray and Matt Luedtke of the Weitzman Group represented the landlord. Jim Weir of the Retail Connection represented Dollar Tree.

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