NorthMarq’s Atlanta office finalizes $4.1 million refinance of Woodbend Apartments in Opelika, Alabama
Woodbend Apts
ATLANTA, GEORGIA (March 5, 2019) – Wanda Riggs Mack, vice president of NorthMarq’s Atlanta-based regional office, arranged the $4.1 million refinance of Woodbend Apartments, a 100-unit multifamily property located at 206 Waverly Parkway in Opelika, Alabama. The permanent-fixed loan was structured with a 7-year term on a 30-year amortization schedule with 2-years of interest only payments. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
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.