Multifamily - Debt

NorthMarq Capital arranged $9.192 million mortgage for Hunters Chase Apartments in Greensboro, North Carolina

LOS ANGELES (February 13, 2013) – Daniel McCarthy, senior vice president and senior director of NorthMarq’s Los Angeles regional office, arranged acquisition financing of $9.192 million for Hunters Chase Apartments, a 220-unit market-rate multifamily property located at 4600 Big Tree Way in Greensboro, North Carolina. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac. “This transaction was a cash-in refinance but because of the quality of asset and borrower, Freddie was able to reduce the amount required to refinance at a very attractive rate,” said McCarthy.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.