Northmarq Richmond secures a $31.5MM construction loan for Stockbridge 17, a proposed 167 unit multifamily development in Elizabeth City, NC
Elizabeth City, Nc. – Keith Wells, managing director, Hannah Taylor, vice president and Win Martin, vice president, of Northmarq’s Richmond Debt + Equity team, arranged a $31.65 million construction loan for Stockbridge 17, in Elizabeth City, North Carolina. The development will feature 167 one-, two- and three-bedroom units. Its resort-style amenity package will include a pool, clubhouse with billiards, fitness center, business center, dog park, and both attached and detached garages. The property sits off route 17 and 344, allowing quick access to neighboring retail that includes Texas Roadhouse, a Hibachi Grill, and Walmart.
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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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
