Wanda Riggs Mack negotiates $11.7 million refinance of Shelton Mill Townhomes in Auburn, Alabama

Shelton Mill Townhomes

Debt & Equity

Multi-Tenant

ATLANTA, GEORGIA (October 17, 2019) – Wanda Riggs Mack arranged the $11.7 million refinance of Shelton Mill Townhomes in Auburn, Alabama.

Financing Details:
- The transaction was structured with a fully amortizing 25-year term.
- NorthMarq arranged financing for the borrower through its correspondent relationship with Aegon, a life insurance company.

Producer Quote:
“The Borrower had very specific needs/requirements with regard to the refinance of this phased townhome development, and Aegon was able to provide the flexibility the borrower required at very competitive terms and pricing.”

- Wanda Riggs Mack

Property Details:
- The multifamily property is located in Auburn, Alabama, and contains a total of 145 units.
- The property was developed in three phases since the 1980’s, with the final phase being completed this year.

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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.

Wanda Riggs Mack negotiates $11.7 million refinance of Shelton Mill Townhomes in Auburn, Alabama

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