NorthMarq Capital arranges $28.5 million refinance of Fairmont at Willow Creek in Folsom, California
Fairmont at Willow Creek
NEWPORT BEACH (December 18, 2014) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office finalized the $28.5 million refinance of Fairmont at Willow Creek, a 260-unit multifamily property located at 200 S. Lexington Drive in Folsom, California. The transaction was structured with a 10-year interest only term. NorthMarq arranged financing for the CWS Capital Partners through its Fannie Mae DUS lender. The property features community amenities including: swimming pool and spa; play area; high-endurance fitness center; executive business center with DSL availability and high-speed internet access; extensive parking options. Apartment features include: custom kitchens; cable/satellite availability; expansive private patios and balconies; fireplaces and a full size washer and dryer in every residence.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
