Northmarq’s Richmond office completes $2.75 million in acquisition financing for Chatham Lofts in Chatham, Virginia
Chatham Lofts
RICHMOND, VIRGINIA (May 16, 2022) – Hunter Wood and Keith Wells of Northmarq’s Richmond debt/equity team, arranged the $2.75 million acquisition financing for Chatham Lofts. The 31-unit multifamily property (built in 2013) is located at 315 South Main Street, Chatham, Virginia. The permanent-fixed loan was structured on a 10-year term followed by a 30-year amortization schedule. Northmarq secured the financing through a regional bank.
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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.
