NorthMarq Capital arranges two apartment acquisitions totaling $13.67 million
Timberlyne Apts & Chester Ridge Apts
RALEIGH (December 9, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged two financing totaling $13.67 million for the Timberlyne Apartments in Chapel Hill, North Carolina and The Crossing at Chester Ridge Apartments in High Point, North Carolina - Timberlyne Apartments, located at 200 Westminster Drive, Chapel Hill, North Carolina, is a 144-unit multifamily financing and was based on a 3-year term through a bridge lender. - The Crossing at Chester Ridge Apartments, located at 2122 Crossing Way, High Point, North Carolina. is a 152-unit multifamily financing that was based on a 10-year term and 1-year interest only followed by 30-year arm. NorthMarq arranged the financing for the borrower through its affiliate Fannie Mae DUS Lender.
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.
