NorthMarq Capital completes $31.2 million refinance of Ballantyne Commons Apartments in Hendersonville, North Carolina
Ballantyne Commons Apts
CHARLOTTE (December 23, 2014) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office arranged the $31.2 million refinance of Ballantyne Commons Apartments, a 360 unit multifamily property located in Hendersonville, North Carolina. The transaction was structured with a 10.5 year term and 30 year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac. “The property was in lease up and Freddie Mac was able to approve and purchase the loan request utilizing their non-stabilized property loan program.” said Matone.
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.
