NorthMarq Capital’s Atlanta office secures financing for University of West Georgia Student Housing in Carrollton, Georgia
UWG Student Housing
ATLANTA (March 14, 2016) – Johnny Rankin, vice president of NorthMarq Capital’s Atlanta based regional office arranged financing for a 220-unit University of West Georgia student housing property located at 3000 Brumbelow Road in Carrollton, Georgia. The transaction was structured with a 5-year term with 3-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “A regional bank provided an attractive structure and loan terms for the construction of Phase 2 of a 3 Phase student housing property adjacent to the University of West Georgia,” noted Rankin.
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.
