Multifamily - Debt

NorthMarq Capital arranges $25.85 million acquisition financing for Foxcroft Apartments

RALEIGH (October 8, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged $25,850,000 acquisition financing for Foxcroft Apartments, located at 545 Ashley Court, Chapel Hill, North Carolina. The conventional market apartments hold 248 units. Financing was based on a 3-year term with interest only. The loan was arranged for the borrower, Eller Capital Partners, by NorthMarq through its relationship with Latitude Management Real Estate Investors.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.