NorthMarq secures acquisition financing of $8.5 million for The Commons Sun Park in LaGrange, Georgia
ATLANTA, GEORGIA (March 31, 2020) – The Commons Sun Park is now owned by Triangle Real Estate of Gastonia thanks to an $8,500,000 loan secured by Bill Matone, managing director of NorthMarq’s Charlotte office and Randy Wolfe, managing director of NorthMarq’s Atlanta office. The property is a 120-unit property with garden-style apartments located at 1283 Hogansville Rd in LaGrange, Georgia, a classic southern town near the border of Georgia and Alabama. The loan structure for this property includes a 20-year loan term with a 20-year amortization table.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
