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.
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.
