Multifamily

NorthMarq Capital’s Charlotte finalizes permanent debt refinance of $6.5 million for Crown Pointe Apartments in Spartanburg, South Carolina

CHARLOTTE (November 30, 2017) Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, arranged the $6.5 million permanent debt refinance of Crown Pointe Apartments, a 252-unit multifamily property located in Spartanburg, South Carolina. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.