NORTHMARQ BROKERS $27.6M LOAN FOR CLEMSON STUDENT HOUSING

CLEMSON, S.C. — NorthMarq Capital has arranged a $27.6 million refinancing for the 244-unit Chimney Ridge, a student housing property located at 1200 Old Shirley Rd. in Clemson near Clemson University. Bruce Foster of NorthMarq's Atlanta office negotiated the 7-year loan with a 30-year amortization schedule through Freddie Mac.