NorthMarq Capital’s Charlotte office arranges $7.5 million finance for Shannon Chase Apartments in Union City, Georgia
CHARLOTTE (July 10, 2017) Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, negotiated financing of $7,500,000 for Shannon Chase Apartments, a 156-unit multifamily property located in Union City, Georgia. The transaction was structured with a 10-year loan term on a 30-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with Freddie Mac.
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.
