Northmarq’s Kansas City office arranges $11 million acquisition financing for Brookside Crossing Apartments in Columbia, South Carolina
KANSAS CITY, KANSAS (March 28, 2022) – Greg Duvall, senior vice president/managing director of Northmarq’s Kansas City office, arranged $11 million acquisition financing for Brookside Crossing Apartments. The 162-unit multifamily property is located at 220 Springtree Drive, Columbia, South Carolina. The transaction was structured with a 10-year term with 4-years interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its status as a Freddie Mac lender.
The property is conveniently located near Sesquicentennial State Park, shopping, and dining.
Community amenities include outdoor swimming pool, fitness center, business center and playground. Apartment amenities include energy efficient appliances, patios or balconies, walk-in closets, and outside storage.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 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.