Multifamily

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 its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.