Northmarq’s Kansas City office arranges $11 million acquisition financing for Brookside Crossing Apartments in Columbia, South Carolina
KANSAS CITY, KANSAS (March 28, 2022) – Greg Duvall, senior vice president/managing director of Northmarq’s Kansas City office, arranged $11 million acquisition financing for Brookside Crossing Apartments. The 162-unit multifamily property is located at 220 Springtree Drive, Columbia, South Carolina. The transaction was structured with a 10-year term with 4-years interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its status as a Freddie Mac lender.
The property is conveniently located near Sesquicentennial State Park, shopping, and dining.
Community amenities include outdoor swimming pool, fitness center, business center and playground. Apartment amenities include energy efficient appliances, patios or balconies, walk-in closets, and outside storage.
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