NorthMarq arranges $14.58 million construction loan for Stony Run Apartments in Hanover County, Virginia
RICHMOND, VIRGINIA (January 14, 2020) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond-based regional office secured a $14.58 million construction loan for Stony Run Apartments. The 153-unit multifamily property will be located on Lake Ridge Parkway in Hanover County, Virginia. NorthMarq arranged financing for the borrower through its relationship with a national 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.