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