February 26, 2013

NorthMarq Capital arranged $14.312 million mortgage for Alta Surf Apartments in Myrtle Beach, South Carolina

Alta Surf Apts

Debt & Equity

Multi-Tenant

RALEIGH (February 26, 2013) – Todd Crouse, senior vice president and senior director, and Brett Mason, Assistant Vice President, of NorthMarq’s Raleigh Regional office, arranged acquisition financing of $14.312 million for Alta Surf Apartments, a 216-unit market-rate multifamily community located at 101 Breakers Drive in Myrtle Beach, South Carolina. Financing was based on a 10-year term and a 30-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender.

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.