NorthMarq Capital arranges new construction loan of $10,460,726 for Seaside Landing Apartments in Ingleside, Texas
Seaside Landing Apts
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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
