Multifamily
Debt & Equity

NorthMarq Capital’s Atlanta office arranges acquisition financing of $6,450,000 for Kensington Place in Greensboro, North Carolina

ATLANTA (October 14, 2016) – Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta-based regional office, arranged acquisition financing of $6,450,000 for Kensington Place, a 128-unit multifamily property located at 3844 Battleground Avenue in Greensboro, North Carolina. The transaction was structured with a 15-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower, a limited liability company with Arcan Capital as the sponsor, through its Fannie Mae DUS program. Arcan Capital not only acquired the property, but will manage it as well.

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Kensington Place
Permanent Loan - Fixed
$6,450,000