Northmarq Finalizes $53M Loan to Build Huntsville Community with Retail, Incubator

Northmarq has completed a $52.8-million construction loan for Anthem House Apartments in Huntsville, AL.

Randy Wolfe and Drew Markley of capital markets resource Northmarq collaborated with a major regional bank to complete the transaction. The construction loan was structured on a five-year term. 

Anthem House Apartments contain 304 units along with 32,000 square-foot of ground level retail and 35,000 square feet of incubator/collaborative office space. The site is located within the sponsor’s burgeoning MidCity District mixed-use development.

“The property will be a unique offering to the market, with a mix comprised of micro-units, incubator office space and ground floor retail,” said Wolfe. It will also be amenitized with a hotel inspired lobby with coffee bar, co-working lounge, fitness center with yoga studios, community gardens, rooftop amenity space and a resort-style pool with a courtyard for grilling.”

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