NorthMarq arranges $37,353,985 construction loan for Metronome Apartments in Huntsville, Alabama
Metronome Apts
ATLANTA, GEORGIA (August 16, 2021) – Randy Wolfe, senior vice president/managing director of NorthMarq’s Atlanta office, arranged new construction financing of $37,353,985 for Metronome Apartments. The 296-unit property will be located on University Drive and Research Park Boulevard. The transaction was structured with a 4-year term with 3-years of interest only. NorthMarq arranged the loan for the borrower through its relationship with a regional bank. The property is located within the iconic MidCity mixed-use development.
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.
