NorthMarq Capital’s Atlanta office secures $22.2 million refinance of University of West Georgia student housing in Carrollton, Georgia
UWG Student Housing
ATLANTA (October 31, 2016) – Will James, vice president of NorthMarq Capital’s Atlanta-based regional office, arranged the $22.2 million refinance of Flats at 316, a 240-unit University of West Georgia student housing property located at 316 Columbia Drive in Carrollton, Georgia. The transaction was structured with a 3-year interest only term. NorthMarq arranged financing for the borrower through its relationship with a bridge lender. “The loan retires existing financing and will provide additional funds to update the clubhouse construct new amenities and reposition the property,” said James. Bruce Foster, senior vice president/managing director, collaborated with James throughout the financing process.
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.