Multifamily - Debt

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

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 and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.