NorthMarq Capital arranged refinancing for two new class “A” multifamily developments
Wynhaven Towne West & Alexan Withers
HOUSTON (February 26, 2013) – Kerry French, senior vice president/managing director, of NorthMarq’s Houston-based regional office arranged first mortgage refinancing for two new Class A multifamily developments containing a combined total of 684 units. Wynhaven Towne West is a 396-unit multifamily community located at 14906 Westpark Drive in Houston, Texas. Alexan Withers Preserve, a 288-unit multifamily community, is located at 2222 Crow Lane in Myrtle Beach, South Carolina. Financing for both of these transactions was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, a nationwide apartment development and investment group, through its seller-servicer relationship with Freddie Mac.
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.
