Northmarq secures $2.5M refinance of 45-unit multifamily property in Richmond, VA
RICHMOND, Va. (Jan. 31, 2022) — Northmarq’s Richmond Debt + Equity team successfully arranged the external refinance of a 45-unit multifamily property at 1411 Bainbridge Street in Richmond, Virginia. Built in 1922 and renovated in 2018, the property was refinanced through Northmarq’s long-standing relationship as a Freddie Mac Optigo lender. The permanent, fixed-rate loan was structured with a 7-year term and a 30-year amortization schedule.
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.
