{"id":311156,"date":"2026-05-27T18:16:12","date_gmt":"2026-05-27T18:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/311156\/"},"modified":"2026-05-27T18:16:12","modified_gmt":"2026-05-27T18:16:12","slug":"northmarq-arranges-refi-for-199-unit-corpus-christi-rental-community","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/311156\/","title":{"rendered":"Northmarq Arranges Refi for 199-Unit Corpus Christi Rental Community"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Northmarq\u2019s\u00a0Debt + Equity\u00a0team, led by\u00a0Cheryl Higley\u00a0and\u00a0Ryan Shoars,\u00a0arranged the refinancing of Wood River Apartments,\u00a0a 199-unit multifamily community located in Corpus Christi.<\/p>\n<p class=\"wp-block-paragraph\">The Northmarq team arranged the fixed rate financing, on behalf of the borrower, through its in-house Northmarq Edge lending program. The transaction was structured as a non-recourse loan, five-year fixed rate, full-term interest-only, and step down prepays.<\/p>\n<p class=\"wp-block-paragraph\">Higley added, \u201cThe borrower has owned this asset for over 20 years, so they understand the value of certainty in execution, especially in today\u2019s volatile lending environment. Structuring step-down prepays gave the borrower the flexibility and stability they needed while locking in a competitive fixed rate.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Built in 1983, Wood River Apartments offers one-, two- and three-bedroom apartment floor plans across 17 two-story buildings. Units include a balcony or patio, and amenities that include a swimming pool, pet-friendly grounds, and easy access to freeways and public transportation.<\/p>\n","protected":false},"excerpt":{"rendered":"Northmarq\u2019s\u00a0Debt + Equity\u00a0team, led by\u00a0Cheryl Higley\u00a0and\u00a0Ryan Shoars,\u00a0arranged the refinancing of Wood River Apartments,\u00a0a 199-unit multifamily community located in&hellip;\n","protected":false},"author":2,"featured_media":311157,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[155,157,156],"class_list":["post-311156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/311156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=311156"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/311156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/311157"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=311156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=311156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=311156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}