NorthMarq Capital’s Charlotte regional office arranges $25 million bridge loan for refinance of Tuscan Heights in Greenville, South Carolina
Tuscan Heights
CHARLOTTE (October 10, 2018) – Dave Stewart, vice president and Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, arranged a $25 million bridge loan for the refinance of Tuscan Heights, a 252-unit multifamily property located in Greenville, South Carolina. The transaction was structured with an 18-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine 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.
