NorthMarq Capital secures $12.13 million acquisition for Shenandoah Ridge Apartments
Shenandoah Ridge Apts
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.
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.
