TODAY’S DEALS: NorthMarq Capital Arranges $5.5M Mortgage for 50-Unit Rental Property, and Other Transactions

By Anuradha Kher, Online News EditorSanta Ana, Calif.–NorthMarq Capital has arranged a $5.5 million first mortgage for Siena Pointe-Trento Apartments, a 50-unit, 52,080 sq. ft. multifamily property, located in Santa Ana, Calif. Financing was based on a seven-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its affiliate…

By Anuradha Kher, Online News EditorSanta Ana, Calif.–NorthMarq Capital has arranged a $5.5 million first mortgage for Siena Pointe-Trento Apartments, a 50-unit, 52,080 sq. ft. multifamily property, located in Santa Ana, Calif. Financing was based on a seven-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance, a Fannie Mae DUS lender. This was a full leverage loan with a fixed interest rate of 5.54 percent.Arbor Closes $3,442,500 Fannie Mae DUS LoanGreenville, N.C.–Arbor Commercial Funding LLC recently completed funding of a $3,442,500 loan under the Fannie Mae DUS Loan product line for the 72-unit complex known as Melbourne Park 3 Apartments in Greenville, N.C.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.

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