NorthMarq Capital’s Charlotte office negotiates $14,500,000 refinance of Larkspur Pointe in Simpsonville, South Carolina
CHARLOTTE (May 23, 2017) – Dave Stewart, vice president of NorthMarq Capital’s Charlotte regional office, finalized the $14.5 million refinance of Larkspur Pointe, a 144-unit multifamily property located in Simpsonville, South Carolina. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a Fannie Mae correspondent. “The Charlotte office worked with the developer of Larkspur Pointe to replace construction financing on the brand-new luxury apartment complex, located in Simpsonville, a fast-growing suburb of Greenville, South Carolina,” said Stewart.
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.
