NorthMarq Capital finalizes $10.7 million refinance of Emerald Cottages of Stonebridge in McKinney, Texas

Emerald Cottages of Stonebridge
c50e8543-357a-4e9b-9f8d-5342314e9296.jpg

DALLAS (December 1, 2017) – Bill Jackson, senior vice president/managing director of NorthMarq Capital’s Dallas office, secured the $10.7 million refinance of Emerald Cottages of Stonebridge, a 44-unit market-rate age-restricted multifamily property located in McKinney, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform.

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.

Image
NM Web Icon News Black

Stay on top of industry research