NorthMarq Capital arranged $9.192 million mortgage for Hunters Chase Apartments in Greensboro, North Carolina
Hunters Chase Apts
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
