NorthMarq Capital arranged $7.55 million mortgage for Spice Creek in San Antonio, Texas
Spice Creek
PHOENIX – NorthMarq Capital's Phoenix regional office arranged acquisition financing of $7.55 million for Spice Creek located in San Antonio, Texas. The asset is a 192-unit class "B" market-rate multifamily property that was built in 1986. Financing was based on 10-year term with 24 months interest only followed by a 25-year amortization period. NorthMarq arranged this financing for a repeat borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
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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.
