Multifamily - Debt

John Reed arranged $6.24 million mortgage for Amber Ridge Apartments in Fargo, North Dakota

OMAHA (February 13, 2013) – John Reed, senior vice president and senior director of NorthMarq’s Omaha Regional office, arranged first mortgage refinancing of $6.24 million for Amber Ridge Apartments, a 101,592 sq. ft. multifamily property located at 2312 55th Street South in Fargo, North Dakota. The property contains 108 market-rate units. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Amber Valley West Apartments, LLC, by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.