September 30, 2013

NorthMarq Capital arranges $9.45 million mortgage for Alamo Heights Apartment Homes in San Antonio, Texas

Alamo Heights Apt Homes

Debt & Equity

Multi-Tenant

DALLAS (September 30, 2013) – Seth Parker, associate producer in NorthMarq’s Dallas regional office, arranged construction financing of $9.45 million for Alamo Heights Apartment Homes, a 107-unit, market-rate, garden-type multifamily property located in San Antonio, Texas. Financing was based on a 5-year term with interest only for two years then a 25-year amortization schedule. The loan was arranged for the borrower, Stillwater Capital & Paradise Development Partners, by NorthMarq through its relationship with a local bank.

Available Multifamily properties

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.