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.
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. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.