NorthMarq’s Jacksonville office completes $4,740,000 refinance of Winslow Place Apartments in Perry, Georgia
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.
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.
