NorthMarq’s Jacksonville office negotiates $24,080,000 refinance of Ashford Park Apartments in Duncan, South Carolina
JACKSONVILLE, FLORIDA – Ryan Whitaker, senior vice president/managing director, in NorthMarq’s Jacksonville office completed the $24.08 million refinance of Ashford Park Apartments. The 242-unit multifamily property is located at 151 Bridgeport Drive in Duncan, South Carolina. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with Freddie Mac.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
