NorthMarq Capital’s Charlotte finalizes permanent debt refinance of $6.5 million for Crown Pointe Apartments in Spartanburg, South Carolina
Crown Pointe Apts
CHARLOTTE (November 30, 2017) Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, arranged the $6.5 million permanent debt refinance of Crown Pointe Apartments, a 252-unit multifamily property located in Spartanburg, South Carolina. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
About Northmarq
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.
