Multifamily - Debt


Joe Burke and Brett Bowman leverage their in-house Fannie Mae team to deliver a successful execution amid market volatility

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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.