November 6, 2013

NorthMarq Capital arranges $12.5 million acquisition of Hidden Lakes Apartments in Union City, Georgia

Hidden Lakes Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (November 5, 2013) – Bill Matone, senior vice president and managing director of NorthMarq’s Charlotte regional office, arranged acquisition financing of $12.5 million for Hidden Lakes Apartments, a 320 unit multi-family conventional market rate property located in Union City, Georgia. Financing was based on a 10-year term and a 30-year amortization rate and was arranged for the borrower through NorthMarq’s seller-servicer relationship with Freddie Mac.

Available Multifamily properties

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.