Multifamily

NorthMarq Capital negotiates $3.3 million refinance of Westshire Apartments in Atlanta, Georgia

ATLANTA (December 20, 2016) – Johnny Rankin, vice president of NorthMarq Capital’s Atlanta-based regional office arranged the $3.3 million refinance of Westshire Apartments, an 88-unit multifamily property located in Atlanta, Georgia. The transaction was structured with a 10-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with a Freddie Mac small balance 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.