NorthMarq Capital arranges $20 million for Palisades Apartments in Asheville, North Carolina
Palisades Apts
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.
About Northmarq
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.
