October 9, 2013

NorthMarq Capital arranges $25.85 million acquisition financing for Foxcroft Apartments

Foxcroft Apts

Debt & Equity

Multi-Tenant

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.

Available Multifamily properties

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.