October 16, 2017

NorthMarq Capital arranges $9 million acquisition/development financing for 144.82 acre single family lot development in Fuquay-Varina, North Carolina

Single Family Lot Development

Debt & Equity

Multi-Tenant

ATLANTA (October 16, 2017) – Bert Roberds and Randy Wolfe, of NorthMarq Capital’s Atlanta regional office, arranged acquisition/development financing for Meadowbrook, a single family lot development located on 144.82 acres in Fuquay-Varina, a bedroom community of Raleigh, North Carolina. The $9 million revolving line of credit was structured with a 36-month interest only term. One important feature of the loan is that it does not require all of the project’s equity to be contributed up front. NorthMarq arranged financing for Blake Investment Partners through its relationship with a national bank. “Meadowbrook will be a successful venture for this experienced developer,” said Roberds. “We were pleased to be able to structure a revolving line that will help our client in achieving their business plan while maximizing returns for their investors.”

Available Other 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.