Northmarq completes $28.15 million refinance of Village Green East Apartments in Janesville, Wisconsin
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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
