Other - Debt

NorthMarq Capital

NorthMarq Capital’s Richmond office negotiates permanent financing of $9 million for Graduate Court in Charlottesville, Virginia

RICHMOND (February 27, 2017) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond-based regional office finalized permanent financing of $9 million for Graduate Court, a 3-building, 25-unit/133-bed student housing property located on Montebello Street and 14th Street NW in Charlottesville, Virginia on the campus of the University of Virginia.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.