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