Northmarq Debt + Equity team arranges financing for Kerrville, TX multifamily communities
Pictured above: Northridge Village duplexes
KERRVILLE, Texas — Northmarq’s Debt + Equity team led by Cheryl Higley and Ryan Shoars successfully arranged and executed the acquisition financing of a three-property multifamily portfolio totaling 119 units located in Kerrville, Texas.
The Northmarq team arranged the fixed rate financing, on behalf of the borrower, through its in-house Northmarq Edge lending program. The transaction was structured as a non-recourse loan, five-year fixed rate, full-term interest-only, and step down prepays.
“This acquisition was a great example of how our Northmarq Edge Platform delivers real value for borrowers looking to grow their portfolio in today's uncertain lending environment. The borrower was able to acquire three multifamily assets in Kerrville simultaneously, and we were able to structure favorable financing that gives them the stability and flexibility they needed to maximize cash flow and navigate current market conditions with confidence." said Higley.
Northmarq Edge is a proprietary lending platform offering in-house financing programs and tailored capital solutions for commercial real estate borrowers. Edge provides streamlined execution from underwriting through closing, delivering expanded access to capital and greater flexibility in structuring. With a focus on innovative deal structuring and certainty of execution, Edge helps in any market envrionment.
The properties included:
- Northridge Village duplexes | 516 Brian Dr., Kerrville, TX
- Park Lane | 100 Park Lane, Kerrville, TX
- Summit Apartments | 708 Smokey Mountain Drive, Kerrville, TX
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
