NorthMarq Capital arranges bridge financing of $12.74 million for Signature Place Apartments in Greenville, North Carolina
(October 8, 2018) – NorthMarq Capital’s Tampa regional office and NorthMarq Capital’s Orlando regional office arranged bridge financing of $12,740,000 for Signature Place Apartments, a 171-unit multifamily property located at 410 Beasley Drive, Greenville, North Carolina. The transaction was structured with a 3-year interest only term. NorthMarq arranged financing for the borrower through its relationship with Benefit Street, a private lender.
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.
