Northmarq arranges $5.0M refinancing of 3 Georgia manufacturing housing communities
**Photo above is representative of the property**
Northmarq’s Atlanta Debt + Equity team led by Van Glosson and Josh Darby successfully arranged a $5.0 million loan to refinance three Georgia manufactured housing communities that totaled 157 sites.
Northmarq secured the permanent refinance on behalf of the borrower through a relationship with Starwood Mortgage Capital. The borrower purchased the properties separately and invested additional capital to improve and stabilize each asset. The transaction was structured on a five-year fixed-rate term with full-term interest only payments via CMBS execution.
“In addition to offering attractive proceeds and pricing for this repeat borrower, Starwood provided a smooth and transparent closing process,” said Glosson. “This gave our client the ability and confidence to close this discretionary refinance in a volatile interest rate environment.”
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.