NorthMarq’s Jacksonville office completes $4,740,000 refinance of Winslow Place Apartments in Perry, Georgia
Winslow Place Apts
JACKSONVILLE, FLORIDA – Ryan Whitaker, senior vice president/managing director, in NorthMarq’s Jacksonville office arranged the $4.74 million first mortgage financing secured by Winslow Place Apartments, an 88-unit, garden-style multifamily property located in Perry, Georgia. NorthMarq structured the loan as a 10-year term with 3-years of interest-only payments followed by a 30-year amortization schedule through its relationship with Freddie Mac as an Optigo lender.
“Freddie Mac was able to Index lock the transaction at application securing a historically low interest rate for the borrower and close amidst the covid-19 pandemic,” said Whitaker.
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.
