Multifamily - Debt

NorthMarq Capital arranged $8.25 million mortgage for Wolfe Run Apartments in San Antonio, Texas

WESTCHESTER, NY (February 13, 2013) – Robert W. Ranieri, senior vice president and managing director of NorthMarq’s Greater Westchester NY/CT Regional office, arranged first mortgage refinancing of $8.25 million for Wolfe Run Apartments, a 216-unit market-rate multifamily property located at 8602 Cinnamon Creek in San Antonio, Texas. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Wolfe Run Associates Limited Partnership, by NorthMarq through its seller-servicer relationship with Freddie Mac.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.