May 15, 2013

NorthMarq Capital arranged $4.67 million mortgage for a three apartment property portfolio in North Carolina

OakManor-AppleCreek-SpringValley

Debt & Equity

Multi-Tenant

CHARLOTTE (May 15, 2013) – Kevin Jenkins, vice president of NorthMarq’s Charlotte regional office, arranged acquisition financing of $4.67 million for a three apartment property portfolio. Apple Creek Apartments and Oak Manor Apartments are located in Winston-Salem and Spring Valley Apartments is located in Gastonia. Combined these properties contain a total of 209 market-rate multifamily units. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a CMBS lender.

Available Multifamily properties

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.