NorthMarq finalizes $6.65 million refinance of Ashley Chase Apartments in Sumter, South Carolina
CHARLOTTE, SOUTH CAROLINA (November 26, 2019) – Dave Stewart, vice president of NorthMarq’s Charlotte-based regional office arranged the $6.65 million refinance of Ashley Chase Apartments. The multifamily property is located in Sumter, South Carolina.
Financing Details:
- 10-year term
- 30-year amortization schedule
- NorthMarq arranged financing for the borrower through its relationship with a CMBS lender
Property Details:
- The property contains 233 units.
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.
