$19.17M MORTGAGE ARRANGED FOR NORTH CAROLINA APARTMENTS

MORRISVILLE, N.C. — Jeff Frankel and Charlie Robinson of NorthMarq Capital have arranged a $19.17 million mortgage for the Legends at Preston apartment complex. The Morrisville property houses 382 units. AmeriSphere Multifamily Finance funded the 5-year loan. The loan carries a 2-year interest-only period and a 30-year amortization.