Northmarq’s Kansas City office arranges $11 million acquisition financing for Brookside Crossing Apartments in Columbia, South Carolina

Brookside Crossing Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
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KANSAS CITY, KANSAS (March 28, 2022) – Greg Duvall, senior vice president/managing director of Northmarq’s Kansas City office, arranged $11 million acquisition financing for Brookside Crossing Apartments. The 162-unit multifamily property is located at 220 Springtree Drive, Columbia, South Carolina. The transaction was structured with a 10-year term with 4-years interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its status as a Freddie Mac lender.

The property is conveniently located near Sesquicentennial State Park, shopping, and dining.

Community amenities include outdoor swimming pool, fitness center, business center and playground. Apartment amenities include energy efficient appliances, patios or balconies, walk-in closets, and outside storage.

 

 
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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.
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