NorthMarq Capital’s Atlanta office negotiates $10.5 million refinance of multifamily property located in Nashville, Tennessee
ATLANTA (April 27, 2017) – Randy Wolfe, senior vice president/managing director of NorthMarq Capital’s Atlanta regional office, finalized the $10.5 million refinance of Falls at Mill Creek, a 204-unit multifamily property located in Nashville, Tennessee. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, Alexander Properties, through its Fannie Mae platform.
“ The property was nearing completion of a complete exterior /interior renovation and the client was anxious to close into a non-recourse fixed rate permanent loan while the Treasury index was low,” said Wolfe. “We were able to structure the loan to accommodate the closing before the last 24 unit building was completed.”
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.
