January 8, 2013

NorthMarq Capital arranged $2.55 million mortgage for Mountcrest Apartments in Charlotte, North Carolina

Mountcrest Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (January 8, 2013) – Kevin Jenkins, vice president of NorthMarq’s Charlotte Regional office, arranged acquisition financing of $2.55 million for Mountcrest Apartments, a 125-unit market-rate multifamily property located in Charlotte, North Carolina. Financing was based on a 2-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower, Pfalzgraf Communities 7, LLC, through its relationship with a regional bank.

Available Multifamily properties

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.