NorthMarq arranges $5.75 million refinancing of Centre Pointe in Meridian, Idaho
BOISE, IDAHO (August, 19 2019) – Steve Hollister, senior vice president of NorthMarq’s Boise and San Diego regional offices, arranged the $5.75 million refinancing of Centre Pointe Townhomes, located in Boise, Idaho. This transaction was made through a correspondent life insurance company execution for a repeat borrower. The transaction was structured on a 15-year fixed rate with a 30-year amortization schedule. “It was a very competitive rate that was significantly superior to the competition,” said Hollister.
The Centre Pointe property is located at 3423 N Centrepoint Way, Boise, Idaho and is an 80-unit complex consisting of twenty 4-plex buildings. The property was completed in fall of 2016 and has been close to 100 percent occupied since then.
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