December 29, 2014

NorthMarq Capital completes $31.2 million refinance of Ballantyne Commons Apartments in Hendersonville, North Carolina

Ballantyne Commons Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (December 23, 2014) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office arranged the $31.2 million refinance of Ballantyne Commons Apartments, a 360 unit multifamily property located in Hendersonville, North Carolina. The transaction was structured with a 10.5 year term and 30 year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac. “The property was in lease up and Freddie Mac was able to approve and purchase the loan request utilizing their non-stabilized property loan program.” said Matone.

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions