REBusinessOnline

NORTHMARQ SECURES $29.4M MORTGAGE

NorthMarq has secured $29.4 million in refinancing for the 210-unit Woodlands of Tuscaloosa Phase II in Tuscaloosa.

NorthMarq has secured $29.4 million in refinancing for the 210-unit Woodlands of Tuscaloosa Phase II in Tuscaloosa.

TUSCALOOSA, ALA. — NorthMarq Capital has arranged $29.4 million in refinancing for the 210-unit Woodlands of Tuscaloosa Phase II, located at 1100 Hargrove Rd. E. in Tuscaloosa. The student housing development is located near the University of Alabama. Bruce Foster of NorthMarq's Atlanta office arranged the 7-year loan with a 30-year amortization schedule through Freddie Mac.

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