Multifamily
Debt & Equity

NorthMarq Capital arranges $5.2 million acquisition of Westbury Springs Apartments

CHARLOTTE (November 4, 2013) – Bill Matone, senior vice president and managing director of NorthMarq’s Charlotte regional office, arranged acquisition financing of $5.2 million for Westbury Springs Apartments, a 150 unit conventional market rate multifamily property located in Lilburn, Georgia. Financing for the acquisition was based on a 10-year term and a 30-year amortization rate and was arranged for the borrower through NorthMarq’s seller-servicer relationship with Freddie Mac.

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.

68974775-110c-4d6c-9e94-aec1b2e00185
Westbury Springs Apts
Debt
$5,200,000