NorthMarq finalizes $19.46 million assumption and supplemental loan for Alta Surf Apartments in Myrtle Beach, South Carolina
Alta Surf Apts
RALEIGH, NORTH CAROLINA (June 17, 2019) – David Vinson, vice president of NorthMarq’s Raleigh regional office negotiated a $19.46 million assumption and supplemental loan for Alta Surf Apartments. The 216-unit multifamily property is located at 101 Breakers Drive in Myrtle Beach, South Carolina. NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team.
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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.
