NorthMarq Capital arranged $16.5 million mortgage for The Village of Ballantyne Apartments in Gastonia, North Carolina
The Village of Ballantyne Apts
CHARLOTTE (January 31, 2013) – Bill Matone, senior vice president and managing director of NorthMarq’s Charlotte Regional office, arranged first mortgage refinancing of $16.5 million for The Village of Ballantyne, a 240-unit market-rate multifamily community located in Gastonia, North Carolina. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Southwood Realty Company, Inc., by NorthMarq through its relationship with a correspondent life company.
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.
