Northmarq’s Miami office announces $1.4 million refinance of Reno, Nevada multifamily property
732 Humboldt Street
MIAMI, FLORIDA (April 25, 2023) — Jaspaul Kapoor, senior vice president of Northmarq’s Miami debt/equity office, arranged external refinancing of $1,429,000 for 732 Humboldt Street in Reno, Nevada. The eight-unit multifamily property was built in 1960. The transaction was structured with a seven-year term. Northmarq secured the permanent-fixed rate 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.
