TODAY’S DEALS: NorthMarq Capital Arranged $4M in First Mortgage Financing for 198-Unit Rental Community, and Other Transactions
March 30, 2009
By Anuradha Kher, Online News EditorYuma, Ariz.–NorthMarq Capital has arranged a $4 million first mortgage financing for The Beach Club Apartments (pictured), a 198-unit multifamily complex, located in Yuma, Ariz.Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, BCH LLC, by NorthMarq through its affiliation with…
By Anuradha Kher, Online News EditorYuma, Ariz.–NorthMarq Capital has arranged a $4 million first mortgage financing for The Beach Club Apartments (pictured), a 198-unit multifamily complex, located in Yuma, Ariz.Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, BCH LLC, by NorthMarq through its affiliation with AmeriSphere Multifamily Finance LLC. Arbor Closes $3,520,000 Fannie Mae DUS MBS LoanSyracuse, N.Y.–Arbor Commercial Funding LLC recently funded a $3,520,000 loan under the Fannie Mae DUS MBS product line to finance the 138-unit complex known as Ballantyne Apartments in Syracuse, N.Y.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.
