Northmarq’s Debt + Equity team arranges $12M loan for 15.75-acre land assemblage in Charlotte’s NoDa neighborhood
Charlotte NoDa Land Assemblage
Northmarq’s Charlotte Debt + Equity team led by Mark Ebersold arranged a $12 million loan facility to Flywheel Group for a roughly 15.75-acre land assemblage at the intersection of Matheson Avenue and North Tryon Street in the NoDa area of Charlotte, North Carolina. Northmarq arranged the loan through its relationship with a regional bank. The floating-rate loan was structured with a three-year term that allowed for flexible prepayment for future development opportunities.
“The client had a quick closing schedule, and the lender provided excellent service to accommodate the client.” Ebersold said. “Thanks to the Flywheel Group for allowing Northmarq to be part of your transaction.”
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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.
