October 3, 2013

NorthMarq Capital secures $12.13 million acquisition for Shenandoah Ridge Apartments

Shenandoah Ridge Apts

Debt & Equity

Multi-Tenant

RALEIGH (October 3, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged financing for the $12,133,000 acquisition of Shenandoah Ridge Apartments, located at 427 Blue Ridge Drive, Martinez, GA. The conventional market, multifamily apartments holds 272 units. Financing was based on a 10-year term with one year of interest only followed by a 30-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a Fannie Mae DUS lender.

Available Multifamily properties

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.