Mike Lowry secures $16 million construction loan for student housing property in Blacksburg, Virginia
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.
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