Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Atlanta office arranges acquisition financing for Village West in Auburn, Alabama

ATLANTA – Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta based regional office arranged acquisition financing for Village West, a 160-unit multifamily property located in Auburn, Alabama. The transaction was structured with a 7-year term with 3 years interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.