NorthMarq Arranges $8 Million Refinance For 108-Unit Villages Of Queen Anne Apartments

The asset involved in this transaction is the Villages of Queen Anne Apartments, a multifamily property featuring 108 units located at 10 Nobility Court in Owings Mills, MD. The deal involved a refinance arrangement totaling $8 million, primarily utilizing a fixed-rate loan over a 10-year term with a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 10 Nobility Court
• Market: Owings Mills, MD
• Units: 108
• Loan Type: Refinance
• Loan Term: 10 years
• Amortization Schedule: 30 years

Northmarq, represented by brokers Keith Wells and Win Martin, facilitated the refinancing deal through a Fannie Mae loan, ensuring the property secured significant financial backing for continued operations and management.