Northmarq’s Newport Beach office secures $12M bridge loan for Los Angeles mid-rise apartments
LOS ANGELES (Nov. 25, 2024) — Northmarq’s Newport Beach Debt + Equity team led by Joe Giordani and Scott Botsford arranged the $12 million external refinance of the Vues on Gordon, a 47-unit multifamily community in Los Angeles. Built in 2018, the apartments are located at 1554 Gordon Street.
Vues on Gordon offers an array of amenities, including premium stainless-steel appliances, breakfast bar countertops, in-unit washer/dryer and a rooftop deck with views of the Hollywood Sign. Residents can choose from one-, two- or three-bedroom floorplans, ranging from 627 to 1,074 sq. ft.
The pet-friendly community boasts a Walk Score of 96 and is nestled between the bustling Hollywood and W. Sunset Boulevards with easy access to Highway 101.
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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.