Multifamily - Debt

NorthMarq Capital secures $12.13 million acquisition for Shenandoah Ridge Apartments

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.