NorthMarq Capital arranges $2.8 million acquisition of Wembley Apartments
Wembley Apts
CHARLOTTE (November 1, 2013) – T. Kevin Jenkins, vice president of NorthMarq’s Charlotte regional office, arranged acquisition financing of $2.8 million for Wembley Apartments, a multifamily conventional market asset located in Charlotte, N.C. The 101-unit property was structured with a 10-year term and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
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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.
