Multifamily

NorthMarq Capital’s Los Angeles office arranges $7.59 million refinance of Park Lane Apartments in Los Angeles, California

LOS ANGELES (January 3, 2018) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, secured refinancing of $7,590,000 for Park Lane Apartments, a 52-unit multifamily property located in Los Angeles, California. This newly remodeled complex features numerous amenities and is just steps away from Beverly Hills/West Hollywood. The deal was structured by a 12-year interest only loan term. NorthMarq arranged financing for the borrower through its Fannie Mae 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.