Multifamily - Debt

NorthMarq Capital negotiates $20 million permanent loan for Village Summit Apartments in Apex, North Carolina

WASHINGTON, D.C. (April 21, 2015) – Gary McGlynn, senior vice president/co-managing director and Kenneth Gentzel, senior vice president/co-managing director of NorthMarq Capital’s Washington, D.C. office arranged permanent financing of $20 million for Village Summit Apartments, a 208-unit multifamily property located at 4000 Spotter Drive in Apex, North Carolina. Situated within walking distance of downtown Apex, the property also provides easy access to US-421 and US-64. The transaction was structured with long term interest-only financing.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.