January 13, 2014

NorthMarq Capital arranges $2.128 million acquisition of Woodlands Apartments in Statesville, North Carolina

Woodlands Apts

Debt & Equity

Multi-Tenant

CHARLOTTE (January 13, 2014) – Kevin Jenkins, Vice President/Producer of NorthMarq Capital’s Charlotte regional office arranged acquisition financing of $2,128,000 for Woodlands Apartments, a 100-unit complex located in Statesville, North Carolina. Financing for the transaction was structured with a 7-year term and 30-year amortization. NorthMarq facilitated financing for the borrower through its relationship with a Fannie Mae DUS lender.

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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