CHARLOTTE, N.C. (July 19, 2023) — Mark Ebersold, vice president of Northmarq’s Charlotte/Raleigh debt and equity team arranged the $13.79 million refinance for Gables at Wolf Creek. The 82-unit rental community is located at 5226 Forsyth Road in Macon, Georgia. The internal refinance was structured on a 10-year term with a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender.
Gables at Wolf Creek is a rental community that provides class A patio-home style accommodations. The town of Macon recorded a population of 156,197 as of July 1, 2022, and is home to five notable college campuses including Mercer University. The property is near Downtown Macon, offering residents and visitors unique shopping, dining and entertainment opportunities.
The gated community features year-round landscaped grounds, nighttime security lighting, flexible home design options, designated parking space and planned social activities. Apartment amenities include spacious closets, tile floors, sunroom, fully equipped kitchen, insulated windows, full size washer/dryer, storage space and 24/7 maintenance.