weslaco-northmarq-capital

NorthMarq Arranges $11M Construction Loan for Apartment Complex in Rio Grande Valley

by Haisten Willis

WESLACO, TEXAS — NorthMarq Capital’s San Antonio office has arranged an $11 million construction loan for Weslaco Ranch Apartments, a 156-unit apartment complex located in the Weslaco. The 15-year loan includes two years of interest-only payments and a 25-year amortization schedule. Zapata Apartment Homes is the developer for the project. Construction will begin in January 2015.

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