NorthMarq Arranges $95.81M Tax-Exempt Bond Securitization for Multifamily Portfolio
- Oct 29, 2010
Omaha, Neb.–John Reed, vice president of NorthMarq Capital’s Omaha Regional office, arranged a $95.81 million Freddie Mac tax-exempt bond securitization for a national bond portfolio owned by America First Tax Exempt Investors L.P.
The portfolio is secured by 15 multifamily properties in 14 markets containing a combined total of 2,500 units. This transaction was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.
The properties are located in Texas, Ohio, South Carolina, Illinois, Florida, Iowa and Minnesota.
“Freddie Mac’s TEBS program is an outstanding way for tax-exempt bond managers to leverage their portfolio. The TEBS group at Freddie Mac does an outstanding job understanding their clients and working with NorthMarq to deliver,” Reed says.