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