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.
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.
