Multifamily - Debt

NorthMarq Capital’s Chicago office arranges acquisition financing of $25.35 million for Carrington Oaks Apartments in Buda, Texas

CHICAGO (July 27, 2016) – Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago-based regional office, arranged acquisition financing of $25.35 million for Carrington Oaks Apartments, a 330-unit multifamily property located in 1278 Cabelas Drive Buda, Texas. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.