Northmarq’s Richmond office arranges $1.785 million acquisition financing for multifamily property in Petersburg, Virginia

141 East Wythe Street

Debt & Equity

Multi-Tenant

RICHMOND, VIRGINIA (March 10, 2022) – Hunter Wood, vice president of Northmarq’s Richmond debt/equity team, completed the $1.785 million acquisition financing for 141 East Wythe Street. The 19-unit/2-story multifamily property is located at 141 East Wythe Street, Petersburg, Virginia. The permanent-fixed loan was structured on a 5-year term followed by a 25-year amortization schedule. Northmarq secured the financing for the borrower through a regional bank.

Built in 1908 and last renovated in 2012, 141 East Wythe Street is a gated community equipped with stainless steel appliances, granite countertops, hardwood floors, package service, private balconies/patios, ceiling fans, in-unit washers/dryers, and a courtyard. The property is highly rated in a southern suburb of Richmond, centrally located to three shopping centers, three military bases, and five nearby parks.

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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.