Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Atlanta office secures $14.8 million acquisition of Madison on the Green in Augusta, Georgia

ATLANTA (August 11, 2017) Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta regional office, arranged the acquisition financing of $14,800,000 for Madison on the Green, a 276 unit multifamily property located in Augusta, Georgia. The transaction was structured with a three-year term with all three years interest-only. NorthMarq arranged financing for the borrower through its relationship with a bridge lender.

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.