Multifamily
Debt & Equity

NorthMarq Capital’s Miami office arranges acquisition financing of $13,628,000 for The Creek on Calloway in Richland Hills, Texas

MIAMI (July 27, 2016) – Jeff Robertson, senior vice president/managing director of NorthMarq Capital’s Miami-based regional office arranged acquisition financing of $13,628,000 for The Creek on Calloway, a 247-unit multifamily property located in Richland Hills, Texas. The transaction was structured with a 7-year term with 2-years of interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

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.

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The Creek on Calloway
Permanent Loan - Floating
$13,628,000