DEAL OF THE DAY: NorthMarq Capital Arranges $3.7M Supplemental Mortgage
May 5, 2010
Jeff Chaney, senior vice president and managing director of NorthMarq Capital’s St. Louis Regional office, arranged a $3.7 million supplemental mortgage for the Hickory Valley Retirement Center.
Chattanooga, Tenn.–Jeff Chaney, senior vice president and managing director of NorthMarq Capital’s St. Louis Regional office, arranged a $3.7 million supplemental mortgage for the Hickory Valley Retirement Center.
The property is a 118-unit senior housing community located in Chattanooga, Tenn.
Financing was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.
“Freddie Mac’s ability to do multiple supplemental loans during the term of their loan for excellent performing assets is unique in the market,” says Chaney.
