Northmarq completes $28.15 million refinance of Village Green East Apartments in Janesville, Wisconsin

Village Green East Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
CMBS
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CHARLOTTE, NORTH CAROLINA (April 13, 2022) — Mark Ebersold, vice president in Northmarq’s Charlotte-based debt/equity office, negotiated the $28.15 million refinance of Village Green Apartments. The 406-unit multifamily property is located at 3121 Village Court in Janesville, Wisconsin. The transaction was structured with a 10-year term with 2-years on interest only on a 30-year amortization schedule. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a CMBS lender. 

“Northmarq values its long relationship with the borrower, and was pleased to be able to assist with the long-term financing” said Ebersold. 

The property is within a 45-minute drive of three institutions of higher learning: University of Wisconsin – Whitewater, Rock Valley College, and Rockford University.  

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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.
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