NorthMarq’s Jacksonville office negotiates $24,080,000 refinance of Ashford Park Apartments in Duncan, South Carolina
Ashford Park Apts
JACKSONVILLE, FLORIDA – Ryan Whitaker, senior vice president/managing director, in NorthMarq’s Jacksonville office completed the $24.08 million refinance of Ashford Park Apartments. The 242-unit multifamily property is located at 151 Bridgeport Drive in Duncan, South Carolina. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with Freddie Mac.
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.
