Student Housing - Debt

NorthMarq Capital arranged $2.3 million mortgage for Greenway Cove Apartments in Boone, North Carolina

CHARLOTTE (May 8, 2013) – Kevin Jenkins, vice president of NorthMarq’s Charlotte regional office, arranged first mortgage refinancing of $2.3 million for Greenway Cove Apartments located in Boone, North Carolina. This asset is a 20-unit student housing property located near Appalachian State University. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Greenway Cove, LLC, by NorthMarq through its relationship with a regional bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.

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