NorthMarq negotiates $6.6 million refinancing of Joiner Crossing Apartments in Augusta, Georgia

Joiner Crossing Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
4549be03-9ea0-4261-a585-0f37a6d8926b.jpg

ATLANTA, GEORGIA (October 5, 2020) – NorthMarq’s Atlanta office arranged the $6.6 million refinancing of Joiner Crossing Apartments. The 85-unit multifamily property is located at 603 Katherine St, Grovetown, Georgia. The transaction was structured with a 10-year term with 2-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its status as a Freddie Mac Optigo lender. The prepayment was open the last two years of the loan to be coterminus with the Freddie Mac loan on Phase I that NorthMarq originated two years ago.

The 2-story property was built in 2017. It is in close proximity to three colleges, three shopping centers and Minnick and Lake Olmstead Park. Amenities include: washer/dryer in unit, air conditioning, heating, ceiling fans, smoke free, cable ready, storage units, tub/shower, framed mirrors, walk-in closets, and a pet-friendly policy. 

View Available Multifamily Listings
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.
NM Web Icon News Black

Get the latest commercial real estate research

Subscribe