NorthMarq Capital’s Charlotte office secures $15,942,000 acquisition finance of Piedmont Plantation in Sumter, South Carolina
CHARLOTTE (January 2, 2018) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, finalized acquisition financing of $15,942,000 for Piedmont Plantation, a 252-unit multifamily property located in Sumter, South Carolina. Piedmont Plantation is conveniently located near Columbia and in close proximity to Shaw Air Force Base. This transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “This deal featured a short closing time frame and NorthMarq delivered,” said Matone.
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.
