NorthMarq Capital Arranges $9.8 Million in Acquisition Financing for 336-Bed Student Housing Community

Pembroke Place contains 336 beds, and is located near the University of North Carolina at Pembroke campus in Pembroke. Pembroke Place contains 336 beds, and is located near the University of North Carolina at Pembroke campus in Pembroke.

Pembroke, N.C. — NorthMarq Capital has arranged $9.8 million in acquisition financing for Pembroke Place, a 336-bed student housing community located near the University of North Carolina at Pembroke campus in Pembroke.

The transaction was structured with a 15-year term and 25-year amortization schedule. Lee Weaver and Steve Whitehead of NorthMarq arranged financing for the borrower, Pembroke Place CP LLC, through its Fannie Mae DUS program. 

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