NEW YORK CITY (April 20, 2015) – Elliot Auerbacher, vice president of NorthMarq Capital’s New York Metro based regional office finalized a small market construction loan of $10,460,726 for Seaside Landing Apartments, a 120-unit multifamily property located at Highway 361 and Main Street in Ingleside, Texas. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank.
“The lender made accommodations to meet the borrower’s requests,” noted Auerbacher.
