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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.