NorthMarq Capital’s Atlanta office completes $2.774 million for student housing in Athens, Georgia
Student Housing
ATLANTA (March 24, 2015) – Bruce Foster, senior vice president/managing director of NorthMarq Capital’s Atlanta based regional office arranged $2.774 million in financing for a 45-unit student housing property located in Athens, Georgia near the UGA campus. The transaction was structured with a 12-year term and 30-year amortization schedule. Northmarq arranged in financing for the borrower through its relationship with a Fannie Mae DUS 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.