NorthMarq Capital’s Charlotte office finalized $20,000,000 construction take-out for Palisades at Belmont in Belmont, North Carolina
Palisades at Belmont
CHARLOTTE (August 1, 2017) Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte and Raleigh regional offices, arranged a construction take-out loan of $20,000,000 for Palisades at Belmont, a 204-unit multifamily property located in Belmont, North Carolina. The transaction was structured with a 20-year loan term on a 20-year amortization schedule. Northmarq arranged financing for the borrower, SRC Palisades of Belmont, LLC, through its relationship with UNUM.
“We had a great experience working with the associates at UNUM. Everyone responded quickly and worked to the good of getting the deal closed. We will definitely be working with UNUM again in the future,” said Matone.
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.
