NorthMarq Arranges Lending for Clemson-Area Complex

Atlanta — Chimney Ridge refinances $27.6 million. 

Atlanta — Bruce Foster, senior vice president and managing director of NorthMarq Capital’s Atlanta regional office, arranged first-mortgage refinancing of $27.6 million for Chimney Ridge, a 244-unit student housing development in Central, S.C., less than 2 miles from Clemson University. Financing was based on a 7-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.

 

- Lynn Peisner

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