NorthMarq Capital arranges $11.86 million in acquisition financing for Governours Square in Wilmington, North Carolina
Governours Square
RALEIGH (November 24, 2014) – Todd Crouse, senior vice president/managing director of NorthMarq Capital’s Raleigh-based regional office secured acquisition financing of $11.86 million for Governours Square, a 219-unit apartment community located in Wilmington, North Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its affiliate relationship with a Fannie Mae DUS lender.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
