NorthMarq arranges $5.75 million refinancing of Centre Pointe in Meridian, Idaho

Centre Pointe
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Life Company
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BOISE, IDAHO (August, 19 2019) –  Steve Hollister, senior vice president of NorthMarq’s Boise and San Diego regional offices, arranged the $5.75 million refinancing of Centre Pointe Townhomes, located in Boise, Idaho. This transaction was made through a correspondent life insurance company execution for a repeat borrower. The transaction was structured on a 15-year fixed rate with a 30-year amortization schedule. “It was a very competitive rate that was significantly superior to the competition,” said Hollister. 

The Centre Pointe property is located at 3423 N Centrepoint Way, Boise, Idaho and is an 80-unit complex consisting of twenty 4-plex buildings. The property was completed in fall of 2016 and has been close to 100 percent occupied since then. 

 

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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.
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