NorthMarq Capital Arranges $7.5M Loan for Multifamily Community in Winston-Salem

by John Nelson

WINSTON-SALEM, N.C. — NorthMarq Capital has arranged a $7.5 million acquisition loan for Sedgefield Apartments, a 144-unit apartment community located at 4755 Country Club Road in Winston-Salem. Wanda Riggs Mack of NorthMarq’s Atlanta office arranged the seven-year loan with five years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged the loan through its Fannie Mae DUS program on behalf of the borrower, Arcan Capital, which will own and manage Sedgefield Apartments.

You may also like