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Northmarq Secures $29M Refinancing of Arlington West Apartments in Jacksonville, North Carolina

Built in 2009, Arlington West spans 14 apartment buildings and features a resort-style saltwater swimming pool, as well as a playground, two dog parks, fitness center, game room and a business center.

JACKSONVILLE, N.C. — Northmarq has arranged the approximately $29 million refinancing of Arlington West Apartments, a 324-unit multifamily community located at 5049 Western Blvd. in Jacksonville, a city near North Carolina’s coast. Built in 2009, Arlington West spans 14 apartment buildings and features a resort-style saltwater swimming pool, playground, two dog parks, fitness center, game room and a business center. Bob Harrington and Paul Whalen of Northmarq arranged the 10-year, Freddie Mac loan on behalf of the undisclosed borrower. The interest-only loan was underwritten with a fixed interest rate in the mid-3 percent range.

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

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