NorthMarq Capital’s Charlotte regional office arranges $25 million bridge loan for refinance of Tuscan Heights in Greenville, South Carolina
CHARLOTTE (October 10, 2018) – Dave Stewart, vice president and Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte regional office, arranged a $25 million bridge loan for the refinance of Tuscan Heights, a 252-unit multifamily property located in Greenville, South Carolina. The transaction was structured with an 18-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with a bridge/mezzanine 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.
