July 10, 2013

NorthMarq Capital arranged $6.8 million mortgage for The Forest at Chasewood in Charlotte, North Carolina

The Forest at Chasewood

Debt & Equity

Multi-Tenant

RALEIGH (July 10, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged a bridge loan of $6.8 million for the acquisition of The Forest at Chasewood, a 220-unit, market-rate multifamily property located at 1600 Chasewood Drive in Charlotte, North Carolina. Financing was based on a 3-year interest-only term and was arranged for the borrower by NorthMarq through its relationship with a Bridge lender.

Available Multifamily properties

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.