NorthMarq Capital arranges $9.45 million mortgage for Alamo Heights Apartment Homes in San Antonio, Texas
Alamo Heights Apt Homes
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
