NorthMarq Capital finalizes two multifamily properties through Freddie Mac totaling $34.8 million
Two Multifamily Properties
CHARLOTTE (April 20, 2015) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office finalized refinancing for two multifamily properties located in Rock Hill, South Carolina and Gastonia, North Carolina for a combined $34.8 million. Brentwood Chase Apartments: This 436-unit multifamily property received financing of $21.8 million. The property is located at 1654 Lowell Bethesda Road in Gastonia, North Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule. Cowan Farms: This 248-unit multifamily property received financing of $13 million. The property is located at 1310 Cypress Point Drive in Rock Hill, South Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule.
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.
