Northmarq finalizes refinancing for two multifamily properties in North Carolina
Hege & Springview Apartments
RALEIGH, N.C. (Dec. 21, 2023) — Northmarq’s Carolinas Debt + Equity team led by Tom Peloquin, managing director, has successfully secured the $2,257,500 and $1,021,000 permanent fixed rate loans for the Hege and Springview Apartments. Peloquin arranged financing on behalf of the borrowers through Northmarq’s in-house Fannie Mae DUS platform.
The 48-unit, garden-style multifamily property, Hege Apartments, is located at 27 Hege Dr. in Lexington. Springview Apartments is located at 4600-4608 Springview Rd. in Charlotte and features 14 units. The transactions were structured on 10-year terms.
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.
