NorthMarq Capital arranged $15.75 million mortgage for Alta Steele Creek Apartments in Charlotte, North Carolina

Alta Steele Creek Apts
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CHICAGO (January 3, 2013) – Jeff Frankel, senior vice president and senior director of NorthMarq’s Chicago Regional office, and Charlie Robinson, senior vice president and senior director of NorthMarq’s Dallas Regional office, cooperated to arrange acquisition financing of $15.75 million for Alta Steele Creek Apartments, a 240-unit market-rate multifamily community located at 10830 Morgan Creek Drive in Charlotte, North Carolina. Financing was based on a 5-year interest-only term and was arranged for the borrower, a Midwest-based owner/operator of multifamily properties, by NorthMarq through its relationship with a correspondent life insurance company.

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.

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