Northmarq secures $10M refinance of 51-unit multifamily property in Charlottesville, VA
Camden Plaza
CHARLOTTESVILLE, Va. (Oct. 31, 2024) — Keith Wells and Win Martin of Northmarq’s Richmond Debt + Equity team successfully arranged the $10 million refinance of Camden Plaza, a 51-unit multifamily property at 222 14th Street NW #230 in Charlottesville, Virginia. Built in 2004, the four-building property was refinanced through Northmarq’s status as a Freddie Mac Optigo lender. The permanent, fixed-rate loan was structured with a 10-year term and a 30-year amortization schedule.
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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.
