Multifamily

NorthMarq Capital finalizes $10.7 million refinance of Emerald Cottages of Stonebridge in McKinney, Texas

DALLAS (December 1, 2017) – Bill Jackson, senior vice president/managing director of NorthMarq Capital’s Dallas office, secured the $10.7 million refinance of Emerald Cottages of Stonebridge, a 44-unit market-rate age-restricted multifamily property located in McKinney, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform.

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.