December 20, 2013

NorthMarq Capital arranges $10 million refinancing of the Ashbrook Village Apartments in Gastonia, North Carolina

Ashbrook Village Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (December 16, 2013) – Bill Matone, senior vice president/managing director of NorthMarq’s Charlotte regional office, arranged refinancing of $10 million for the Ashbrook Village Apartments, a 423- unit, multifamily property located in Gastonia, North Carolina. Financing was based on a 10-year term and 20-year amortization schedule and was arranged for the borrower by NorthMarq through its seller/servicer relationship with Freddie Mac.

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.