Northmarq arranges $5.0M refinancing of 3 Georgia manufacturing housing communities

**Photo above is representative of the property**

Northmarq’s Atlanta Debt + Equity team led by Van Glosson and Josh Darby successfully arranged a $5.0 million loan to refinance three Georgia manufactured housing communities that totaled 157 sites. 

Northmarq secured the permanent refinance on behalf of the borrower through a relationship with Starwood Mortgage Capital. The borrower purchased the properties separately and invested additional capital to improve and stabilize each asset. The transaction was structured on a five-year fixed-rate term with full-term interest only payments via CMBS execution.

“In addition to offering attractive proceeds and pricing for this repeat borrower, Starwood provided a smooth and transparent closing process,” said Glosson. “This gave our client the ability and confidence to close this discretionary refinance in a volatile interest rate environment.”