NorthMarq Capital’s Charlotte office negotiates $14,500,000 refinance of Larkspur Pointe in Simpsonville, South Carolina
Larkspur Pointe
CHARLOTTE (May 23, 2017) – Dave Stewart, vice president of NorthMarq Capital’s Charlotte regional office, finalized the $14.5 million refinance of Larkspur Pointe, a 144-unit multifamily property located in Simpsonville, South Carolina. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a Fannie Mae correspondent. “The Charlotte office worked with the developer of Larkspur Pointe to replace construction financing on the brand-new luxury apartment complex, located in Simpsonville, a fast-growing suburb of Greenville, South Carolina,” said Stewart.
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.
