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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.