NorthMarq negotiates $7.65 million refinance of independent living facility in Macon, Georgia

Cottages on Wesleyan
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CHARLOTTE, NORTH CAROLINA (May 5, 2021) – Mark Ebersold, vice president of NorthMarq’s Charlotte regional office arranged the $7.65 million refinance of Cottages on Wesleyan. The 45-unit independent living facility is located at 1633 Wesleyan Drive in Macon, Georgia. The transaction was structured with a 10-year term on a 30-year amortization schedule through Fannie Mae. 

“The owner constructed the asset over 20 years ago, and he has done an outstanding job of maintaining it as a Class A asset in the market,” said Ebersold. “The property offers its residents patio-style living with 1- and 2-bedroom floorplans, and it has a strong historical occupancy.”

This is the third transaction that NorthMarq has executed for the Macon-based client, a valued long-term partnership.

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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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