Northmarq’s Jacksonville office arranges $5 million refinance of Bridgeway Apartments in Simpsonville, South Carolina
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.
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