NorthMarq’s Austin office arranges $12.4 million refinance of Olde Stone Village Mobile Home & RV Park in McMinnville, Oregon
AUSTIN, TEXAS (June 29, 2020) – Matt Counts, senior vice president of NorthMarq's Austin Texas office, negotiated the $12.40 million refinance of The Olde Stone Village Mobile Home & RV Park. The 266- unit property is located in McMinnville, Oregon. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
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.
