NorthMarq’s Atlanta office finalizes $4.1 million refinance of Woodbend Apartments in Opelika, Alabama
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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
