Multifamily - Debt

NorthMarq arranges $12,220,000 refinance of Signature Place Apartments in Greenville, North Carolina

ORLANDO, FLORIDA (July 17, 2020) – NorthMarq’s Orland and Tampa offices completed the $12.22 million refinance of Signature Place Apartments. The 171-unit multifamily property is located in Greenville, North Carolina. The transaction was structured with a 10-year term with 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the floating rate loan for the borrower through its status as a Freddie Mac OPTIGO lender. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.