NorthMarq Capital arranged $4.67 million mortgage for a three apartment property portfolio in North Carolina
OakManor-AppleCreek-SpringValley
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.
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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.
