NorthMarq Capital’s Dallas and Tampa office collaborate to arrange acquisition financing for Villagio Apartments in San Marcos, Texas
Villagio Apartments
TAMPA (July 12, 2016) – Steve Whitehead, senior director of NorthMarq Capital’s Dallas-based regional office, and NorthMarq Capital’s Tampa-based regional office, arranged acquisition financing for Villagio Apartments, a 492-bed student housing property located at 1850 Aquarena Springs Drive, San Marcos, Texas. The transaction was structured with a 7-year term with 1-year interest only followed by 30-year amortization. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “Freddie Mac went above and beyond to help get this acquisition financing done,” said Whitehead. “With market fluctuations and property surprises, Freddie came through as applied for.”
About Northmarq
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.
