July 15, 2015

NorthMarq Capital arranges $20 million for Palisades Apartments in Asheville, North Carolina

Palisades Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (July 15, 2015) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office secured the $20 million loan for Palisades Apartments, a 224 unit multifamily property located at 1100 Palisades Circle in Asheville, North Carolina. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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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.

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