NorthMarq Capital's New York office arranged $13 million refinancing for the Bellemont Victoria Apartments in Baton Rouge, Louisiana
Bellemont Victoria Apts
NEW YORK (December 16, 2013) – Elliot Auerbacher, vice president of NorthMarq’s New York City office arranged refinancing of $13 million for the Bellemont Victoria Apartments, a multifamily property containing 583-unts located at 3225 Victoria Drive, Baton Rouge, Louisiana. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS. The property contains numerous 3-bedroom/3-bath units and some of the units are affordable. “Everybody involved in the transaction worked together diligently to get the deal closed,” said Auerbacher.
About Northmarq
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.
