October 6, 2023

Northmarq’s Raleigh office secures $62.5 million refinance of 600-unit multifamily property in Greenville, NC

Valera East

Debt & Equity

Multi-Tenant

RALEIGH, N.C. (Oct. 6, 2023) — Tom Peloquin, managing director of Northmarq’s Carolina’s Debt + Equity team, has successfully closed a 10-year fixed rate Fannie Mae loan for Valera East, a 600-unit multifamily property, for $62.5 million. The loan closed in roughly 30 days. Peloquin originated the financing for the sponsor through Northmarq’s in-house Fannie Mae DUS Platform. The transaction was structured on a 10-year term with 5 years interest-only. “Northmarq provided the borrower an excellent Fannie Mae execution, with a quick close, cash-out refinance including attractive pricing to pay off a high-cost bridge loan,” said Peloquin. View Northmarq’s financing services here.

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.