Northmarq’s Miami office arranges $2 million refinancing of Long Beach, California apartments
2364 Lime Avenue
MIAMI, FLORIDA (March 14, 2023) — Jaspaul Kapoor, senior vice president of Northmarq’s Miami debt/equity office, finalized a $2 million loan for a six-unit multifamily property located at 2364 Lime Avenue in Long Beach, California. Built in 1930, the two-story apartment building offers one-, two-, three-, and four-bedroom units. Northmarq arranged the 5-year permanent fixed loan for the borrower through its relationship with the Freddie Mac SBL.
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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.
