NorthMarq Capital’s Atlanta office facilitates $5 million preferred equity investment for purchase of The Boulevard Apartments in Corinth, Texas
The Boulevard Apts
ATLANTA (November 24, 2015) – Randy Wolfe, senior vice president/senior director of NorthMarq Capital’s Atlanta office of NorthMarq Capital successfully arranged a $5 million preferred equity investment for the purchase of a 193 unit apartment project located in Corinth, Texas (a Dallas Suburb). The asset was built in 2011 using a HUD 221(d) (4) 40-year construction loan, and the preferred equity group has successfully closed many investments with HUD in the past.
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.
