NorthMarq arranges acquisition financing of $5,812,000 for Homecroft Manufactured Housing Community in Superior, Wisconsin
ORLANDO, FLORIDA (April 20, 2020) – NorthMarq's Orlando-based regional office secured acquisition financing of $5,812,000 for Homecroft, a 146-pad manufactured housing community located at 4015 Tower Avenue, Superior, Wisconsin. The transaction was structured with a 10-year term with 3-years of interest-only followed by a 30-year amortization schedule. Northmarq arranged the financing on behalf of the borrower through its Freddie Mac Optigo seller/servicer relationship.
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.
