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.