NORTHMARQ SECURES $10.76M FOR TWO N.C. APT. PROPERTIES

CHARLOTTE, N.C. — Kevin Jenkins of NorthMarq Capital's Charlotte office has arranged a combined $10.76 million in financing for two Charlotte apartment complexes. The 75-unit Sharonridge Apartments received a $3 million mortgage with a 10-year term and a 30-year amortization schedule. The 360-unit Somerstone Apartments received a $7.76 million loan based on a 2-year term. NorthMarq closed mortgages through Arbor Commercial Funding.