January 21, 2015

NorthMarq Capital finalizes $34.594 million refinance of Lakeside Terrace Apartments in Sterling Heights, Michigan

Lakeside Terrace Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (January 15, 2015) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office secured the $34.594 million refinance of Lakeside Terrace Apartments, a 438-unit multifamily property located in Sterling Heights, Michigan. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.

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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 more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.