Mike Lowry secures $16 million construction loan for student housing property in Blacksburg, Virginia
1222 Patrick Henry Apts
RICHMOND, VIRGINIA (January 23, 2020) – Mike Lowry, senior vice president of NorthMarq’s Richmond-based regional office arranged the $16 million construction loan for 1222 Patrick Henry Apartments. The 75-unit student housing property is located in Blacksburg, Virginia. NorthMarq arranged financing for the borrower through its relationship with a local bank. NorthMarq previously financed a construction loan for the property in 2018.
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
