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 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.
