Senior Housing - Debt

NorthMarq Capital

NorthMarq Capital arranges $7.5 million for Wisteria Gardens in Newnan, Georgia

ATLANTA (December 11, 2018) – Wanda Riggs Mack and Randy Wolfe of NorthMarq Capital’s Atlanta regional office, arranged $7,500,000 in financing for Wisteria Gardens, a 120-unit senior affordable multifamily property located in Newnan, Georgia. The transaction was structured with a 16-year term on a 30-year amortization schedule and provided funding to pay off the construction lender. NorthMarq arranged TAH financing for the borrower through its seller/servicer relationship with Freddie Mac. 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.