Raleigh, N.C.— NorthMarq secures $14 million loan for 518-bed University Suites in Raleigh.
Raleigh, N.C. — Frank Relihan of NorthMarq Capital’s Washington, D.C., office has arranged $14 million in acquisition financing for the 518-bed University Suites, an off-campus student housing property located at 2190 Ocean Reef Pl. in Raleigh. The property is near North Carolina State University. The 10-year loan has a 30-year amortization schedule and was provided by AmeriSphere Multifamily Finance.