NorthMarq Capital completes $18.005 million refinance of The Fredd in San Antonio, Texas
The Fredd
PHOENIX – NorthMarq Capital’s Phoenix regional office finalized the $18.005 million refinance of The Fredd, a 278-unit multifamily property located at 9109 Dartbrook Drive in San Antonio, Texas. The transaction was structured with a 10-year term with 1-year interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.
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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.
