NorthMarq Capital arranges $8.39 million in acquisition financing for Wendover at River Oaks Apartments in Greensboro, North Carolina
Wendover at River Oaks Apts
RALEIGH (November 5, 2014) – Brett Mason, vice president of NorthMarq Capital’s Raleigh regional office secured $8.39 million in acquisition financing for Wendover at River Oaks Apartments, a 216 unit multifamily property located in Greensboro, North Carolina. The transaction was structured with a 10-year term with 1-year interest only followed by a 30-year amortization. NorthMarq arranged financing for the borrower through its relationship with a 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.
