Northmarq’s Richmond office completes $2.75 million in acquisition financing for Chatham Lofts in Chatham, Virginia
RICHMOND, VIRGINIA (May 16, 2022) – Hunter Wood and Keith Wells of Northmarq’s Richmond debt/equity team, arranged the $2.75 million acquisition financing for Chatham Lofts. The 31-unit multifamily property (built in 2013) is located at 315 South Main Street, Chatham, Virginia. The permanent-fixed loan was structured on a 10-year term followed by a 30-year amortization schedule. Northmarq secured the financing through a regional bank.
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.