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Northmarq closes refinancing of 199-unit multifamily property in Corpus Christi
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Northmarq closes refinancing of 199-unit multifamily property in Corpus Christi
Northmarq’s Debt + Equity team led by Cheryl Higley and Ryan Shoars successfully arranged the refinancing of Wood River Apartments, a 199-unit multifamily community located in Corpus Christi, Texas. The Northmarq team arranged the fixed rate financing, on behalf of the borrower, through its in-house Northmarq Edge lending program. The transaction was structured as a non-recourse loan, five-year fixed rate, full-term interest-only, and step down …
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