NorthMarq Capital arranged refinancing for two new class “A” multifamily developments

Wynhaven Towne West & Alexan Withers
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HOUSTON (February 26, 2013) – Kerry French, senior vice president/managing director, of NorthMarq’s Houston-based regional office arranged first mortgage refinancing for two new Class A multifamily developments containing a combined total of 684 units. Wynhaven Towne West is a 396-unit multifamily community located at 14906 Westpark Drive in Houston, Texas. Alexan Withers Preserve, a 288-unit multifamily community, is located at 2222 Crow Lane in Myrtle Beach, South Carolina. Financing for both of these transactions was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, a nationwide apartment development and investment group, 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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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