Joe Burke and Brett Bowman leverage their in-house Fannie Mae team to deliver a successful execution amid market volatility
Hunter Hill Apts
BALTIMORE, MARYLAND (April 22, 2020) – Joe Burke, executive vice president/senior managing director, and Brett Bowman, vice president of NorthMarq’s Baltimore office finalized the $8.47 million refinancing of Hunter Hill Apartments. The 105-unit property is located in Hagerstown, Maryland. The transaction was structured with a 15-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
“Our in-house Fannie Mae team worked diligently to ensure a successful execution despite the uncertainty of the current market. Together, we were able to achieve the borrower's goal of securing long term financing with an attractive interest rate," said Burke.
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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.
