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.
Multifamily -
Debt
