Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges bridge financing of $12.74 million for Signature Place Apartments in Greenville, North Carolina

(October 8, 2018) – Lee Weaver, senior vice president of NorthMarq Capital’s Tampa regional office, and Melissa Quinn, managing director of 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. 

“Benefit Street went above and beyond, dedicating time, resources and personnel to get the loan closed in 30 days,” said Weaver.

 

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 $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.