NorthMarq Capital’s Charlotte office secures $15,942,000 acquisition finance of Piedmont Plantation in Sumter, South Carolina
Piedmont Plantation
CHARLOTTE (January 2, 2018) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, finalized acquisition financing of $15,942,000 for Piedmont Plantation, a 252-unit multifamily property located in Sumter, South Carolina. Piedmont Plantation is conveniently located near Columbia and in close proximity to Shaw Air Force Base. This transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “This deal featured a short closing time frame and NorthMarq delivered,” 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.
