Northmarq's Orlando office arranges $13.47 million construction loan for Greystone Townhomes in Hiram, Georgia
ORLANDO (December 19, 2018) – Northmarq's Orlando office arranged the $13.47 million construction loan for Greystone Townhomes, a 115-unit multifamily property located in Hiram, Georgia. The transaction was structured with a 24-month term (with 1-year of interest only). Northmarq arranged financing for the borrower through its relationship with Trez Capital, a non-bank lender.
“While this project is classified as multifamily, our client has created a really unique product. These townhouse rentals are larger in size, have individual attached garages, nice yards and greenspaces and a lot of upscale amenities not typically found in garden, walk-up or mid-rise developments.”
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.
