NorthMarq Capital finalizes two multifamily properties through Freddie Mac totaling $34.8 million
Two Multifamily Properties
CHARLOTTE (April 20, 2015) – Bill Matone, senior vice president/managing director of NorthMarq Capital’s Charlotte based regional office finalized refinancing for two multifamily properties located in Rock Hill, South Carolina and Gastonia, North Carolina for a combined $34.8 million. Brentwood Chase Apartments: This 436-unit multifamily property received financing of $21.8 million. The property is located at 1654 Lowell Bethesda Road in Gastonia, North Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule. Cowan Farms: This 248-unit multifamily property received financing of $13 million. The property is located at 1310 Cypress Point Drive in Rock Hill, South Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule.
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.
