RICHMOND, VIRGINIA (September 19, 2022) – Mike Lowry, Keith Wells, Reina Mazicioglu, and Hunter Wood of Northmarq’s Richmond debt/equity team, arranged the $29.8 million construction financing for the multifamily development. The 122,464 sq. ft. plot is located at 103 East 2nd Street, Richmond, Virginia. The permanent-fixed loan was structured on a 5-year term with 3-years interest only followed by a 30-year amortization schedule. Northmarq secured the financing through a local bank.