Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Miami office secures $19.125 million refinance of Creek on Calloway in Richland Hills, Texas

MIAMI (December 18, 2017) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami regional office, negotiated the $19.125 million refinance of a 247-unit multifamily property located in Richland Hills, Texas. The recently renovated apartment complex offers spacious layouts and numerous amenities. This transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Freddie Mac was very helpful with this deal,” noted Robertson.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.