Multifamily - Debt

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.