NorthMarq arranges $37,353,985 construction loan for Metronome Apartments in Huntsville, Alabama
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
