February 1, 2013

NorthMarq Capital arranged $16.5 million mortgage for The Village of Ballantyne Apartments in Gastonia, North Carolina

The Village of Ballantyne Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (January 31, 2013) – Bill Matone, senior vice president and managing director of NorthMarq’s Charlotte Regional office, arranged first mortgage refinancing of $16.5 million for The Village of Ballantyne, a 240-unit market-rate multifamily community located in Gastonia, North Carolina. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Southwood Realty Company, Inc., by NorthMarq through its relationship with a correspondent life company.

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.