Multifamily

NorthMarq Capital’s Dallas office arranges $34.2 million refinance of multifamily property in Reno, Nevada

DALLAS (October 2, 2017) – Paul Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas regional office, secured the $34.2 million permanent fixed loan for the refinance of a 352-unit multifamily property located in Reno, Nevada. This transaction was structured with a fully amortizing 35-year loan. NorthMarq arranged financing for the borrower through a FHA/HUD platform.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.