NorthMarq Capital’s Charlotte office secures acquisition financing of $2.78 million for Westgate Apartments in Spartanburg, South Carolina
Westgate Apts
CHARLOTTE (February 27, 2015) – Dave Stewart, vice president/producer at NorthMarq Capital’s Charlotte based office arranged acquisition financing of $2.78 million for Westgate Apartments, a 122 unit multifamily property located in Spartanburg, South Carolina. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its affiliation 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.
