Northmarq's Orlando office arranges $13.47 million construction loan for Greystone Townhomes in Hiram, Georgia
Greystone Townhomes
ORLANDO (December 19, 2018) – Northmarq's Orlando office arranged the $13.47 million construction loan for Greystone Townhomes, a 115-unit multifamily property located in Hiram, Georgia. The transaction was structured with a 24-month term (with 1-year of interest only). Northmarq arranged financing for the borrower through its relationship with Trez Capital, a non-bank lender.
“While this project is classified as multifamily, our client has created a really unique product. These townhouse rentals are larger in size, have individual attached garages, nice yards and greenspaces and a lot of upscale amenities not typically found in garden, walk-up or mid-rise developments.”
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.