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