News
WHERE IS THAT POOL BOY?
April 19, 2011
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NorthMarq Capital's Charlotte regional office recently arranged $15Mcombined first-mortgage financing for two local multifamily properties totaling 452 units. Quail Woods Apartments (above) in Gastonia has 188 units and was financed at $5.5M. Stone Haven Pointe Apartments in Rock Hill, SC, has 264 units and was financed at $9M. Financing for both transactions, handled locally by NorthMarq?sBill Matone, was arranged for the borrowers by NorthMarq through Freddie Mac. NorthMarq provides mortgage banking and commercial loan servicing in 32 offices across the US with an average of $7B in annual volume. It services a loan portfolio of nearly $40B. |
