Northmarq Arranges Financing, Brokers Sale of SC Rental Community
A Northmarq Carolinas Multifamily Investment Sales team completed the $49.25 million sale of Ryder Junction, a 264-unit multifamily community located at 900 Conductor Circle in Greer, South Carolina. Northmarq also arranged financing on behalf of the borrower, The Beach Company, through its in-house Fannie Mae DUS platform. The $31.675 million permanent-fixed loan was structured on a five-year term. Northmarq represented the seller, Proffitt Dixon Partners.
Built in 2023 and located in the Greenville submarket, Ryder Junction features one-, two- and three-bedroom apartments that include a clubhouse, resort-style pool, dog park and dog wash station, outdoor grilling areas, conference room and co-working suites, game and Wi-Fi lounge, electric vehicle charger, modern fitness center with flex studio, covered outdoor lounge with a fireplace, and available detached garages.
Northmarq’s sales team included Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris and Cabell Thomas, collaborated on the deal.
