NorthMarq Capital arranges $25.85 million acquisition financing for Foxcroft Apartments
Foxcroft Apts
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.
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.
