REBusinessOnline

NORTHMARQ ARRANGES $25.26 MILLION FOR MULTIFAMILY PORTFOLIO

SAN ANTONIO — The Houston office of NorthMarq Capital has arranged $25.26 million in first-mortgage financing for The Aragon Holdings portfolio. The portfolio consists of four San Antonio multifamily properties: the 296-unit Timbermill Apartments, the 276-unit Windridge Apartments, the 175-unit Las Brisas Apartments and the 72-unit Lexington Apartments. Tony Gray of NorthMarq originated the loan, which includes a 10-year term and a 30-year amortization schedule. The borrower was Aragon Holdings LLC, which is a subsidiary of Beverly Hills, Calif.-based LandBanc Capital. The lender was AmeriSphere Multifamily Finance, a Fannie Mae DUS lender.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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