NorthMarq Capital’s Atlanta office facilitates $5 million preferred equity investment for purchase of The Boulevard Apartments in Corinth, Texas
The Boulevard Apts
ATLANTA (November 24, 2015) – Randy Wolfe, senior vice president/senior director of NorthMarq Capital’s Atlanta office of NorthMarq Capital successfully arranged a $5 million preferred equity investment for the purchase of a 193 unit apartment project located in Corinth, Texas (a Dallas Suburb). The asset was built in 2011 using a HUD 221(d) (4) 40-year construction loan, and the preferred equity group has successfully closed many investments with HUD in the past.
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.
