Northmarq finalizes refinancing for two multifamily properties in North Carolina
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.
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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
