NorthMarq Capital’s Dallas and Tampa office collaborate to arrange acquisition financing for Villagio Apartments in San Marcos, Texas
TAMPA (July 12, 2016) – Steve Whitehead, senior director of NorthMarq Capital’s Dallas-based regional office, and NorthMarq Capital’s Tampa-based regional office, arranged acquisition financing for Villagio Apartments, a 492-bed student housing property located at 1850 Aquarena Springs Drive, San Marcos, Texas. The transaction was structured with a 7-year term with 1-year interest only followed by 30-year amortization. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “Freddie Mac went above and beyond to help get this acquisition financing done,” said Whitehead. “With market fluctuations and property surprises, Freddie came through as applied for.”
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.
