NorthMarq Capital arranged $2.55 million mortgage for Mountcrest Apartments in Charlotte, North Carolina
Mountcrest Apts
CHARLOTTE (January 8, 2013) – Kevin Jenkins, vice president of NorthMarq’s Charlotte Regional office, arranged acquisition financing of $2.55 million for Mountcrest Apartments, a 125-unit market-rate multifamily property located in Charlotte, North Carolina. Financing was based on a 2-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower, Pfalzgraf Communities 7, LLC, through its relationship with a regional bank.
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