NorthMarq Capital arranges two apartment acquisitions totaling $13.67 million
Timberlyne Apts & Chester Ridge Apts
RALEIGH (December 9, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged two financing totaling $13.67 million for the Timberlyne Apartments in Chapel Hill, North Carolina and The Crossing at Chester Ridge Apartments in High Point, North Carolina - Timberlyne Apartments, located at 200 Westminster Drive, Chapel Hill, North Carolina, is a 144-unit multifamily financing and was based on a 3-year term through a bridge lender. - The Crossing at Chester Ridge Apartments, located at 2122 Crossing Way, High Point, North Carolina. is a 152-unit multifamily financing that was based on a 10-year term and 1-year interest only followed by 30-year arm. NorthMarq arranged the financing for the borrower through its affiliate 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.
