Multifamily

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 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.