NorthMarq Capital arranges $14 million in acquisition financing for Crossroads North Hills Apartments in Raleigh, North Carolina
Crossroads North Hills Apts
RALEIGH (November 5, 2014) – Brett Mason, vice president of NorthMarq Capital’s Raleigh regional office secured $14 million in acquisition financing for Crossroads North Hills Apartments, a 228 unit multifamily property located in Raleigh, North Carolina. The transaction was structured with a 12-year term with 3-years interest only followed by a 30-year amortization. NorthMarq arranged financing for the borrower through its affiliate relationship with a Fannie Mae DUS lender.
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.
