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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.