Northmarq secures $36.5M refinance of Jefferson Ridge in Charlottesville, VA
CHARLOTTESVILLE, Va. (June 17, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity team successfully arranged the external refinance of a 234-unit multifamily student housing property at 810 Catalpa Court in Charlottesville, Virginia. Built in 2004, the property was refinanced through Northmarq’s in-house Fannie Mae team. The permanent, fixed-rate loan was structured with a 7-year term and a 30-year amortization schedule.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
