November 5, 2014

NorthMarq Capital arranges $8.39 million in acquisition financing for Wendover at River Oaks Apartments in Greensboro, North Carolina

Wendover at River Oaks Apts

Debt & Equity

Multi-Tenant

RALEIGH (November 5, 2014) – Brett Mason, vice president of NorthMarq Capital’s Raleigh regional office secured $8.39 million in acquisition financing for Wendover at River Oaks Apartments, a 216 unit multifamily property located in Greensboro, North Carolina. The transaction was structured with a 10-year term with 1-year interest only followed by a 30-year amortization. NorthMarq arranged financing for the borrower through its relationship with a Fannie Mae DUS lender.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.