Wanda Riggs Mack negotiates $11.7 million refinance of Shelton Mill Townhomes in Auburn, Alabama
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.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.