Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges $8.39 million in acquisition financing for Wendover at River Oaks Apartments in Greensboro, North Carolina

RALEIGH (November 5, 2014) – Brett Mason, vice president of NorthMarq Capital’s Raleigh regional office secured $8.39 million in acquisition financing for Wendover at River Oaks Apartments, a 216 unit multifamily property located in Greensboro, North Carolina. The transaction was structured with a 10-year term with 1-year interest only followed by a 30-year amortization. NorthMarq arranged financing for the borrower through its relationship with a Fannie Mae DUS lender.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.