NorthMarq Capital negotiates $3.3 million refinance of Westshire Apartments in Atlanta, Georgia
ATLANTA (December 20, 2016) – Johnny Rankin, vice president of NorthMarq Capital’s Atlanta-based regional office arranged the $3.3 million refinance of Westshire Apartments, an 88-unit multifamily property located in Atlanta, Georgia. The transaction was structured with a 10-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with a Freddie Mac small balance lender.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
