Northmarq’s Jacksonville office arranges $5 million refinance of Bridgeway Apartments in Simpsonville, South Carolina
Bridgeway Apts
JACKSONVILLE, FLA. (June 14, 2023) — Andrew Meyers, vice president, along with Ryan Whitaker, senior vice president/managing director of Northmarq’s Jacksonville debt and equity office, negotiated the $5,000,000 in external refinancing for Bridgeway Apartments. The 88-unit/2-story multifamily property (built in 1987) is located at 617 Richardson Street in Simpsonville, South Carolina. The permanent-fixed rate loan was structured on a 5-year term with full-term interest-only payments and flexible prepay. Northmarq arranged financing on behalf of the borrower through its Optigo status as a Freddie Mac lender.
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.
