Northmarq’s Miami office announces $1.4 million refinance of Reno, Nevada multifamily property
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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
