Northmarq’s Richmond office arranges $1.785 million acquisition financing for multifamily property in Petersburg, Virginia

141 East Wythe Street
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RICHMOND, VIRGINIA (March 10, 2022) – Hunter Wood, vice president of Northmarq’s Richmond debt/equity team, completed the $1.785 million acquisition financing for 141 East Wythe Street. The 19-unit/2-story multifamily property is located at 141 East Wythe Street, Petersburg, Virginia. The permanent-fixed loan was structured on a 5-year term followed by a 25-year amortization schedule. Northmarq secured the financing for the borrower through a regional bank.

Built in 1908 and last renovated in 2012, 141 East Wythe Street is a gated community equipped with stainless steel appliances, granite countertops, hardwood floors, package service, private balconies/patios, ceiling fans, in-unit washers/dryers, and a courtyard. The property is highly rated in a southern suburb of Richmond, centrally located to three shopping centers, three military bases, and five nearby parks.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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