NorthMarq finalizes $19.46 million assumption and supplemental loan for Alta Surf Apartments in Myrtle Beach, South Carolina
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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