NorthMarq secured the $3.925 million external refinancing for Cordillera Townhomes in Boise, Idaho

Cordillera Townhomes
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Life Company
26c5f541-8766-4fef-8f5c-c24c0107b4b4.jpg

BOISE, IDAHO (September 13, 2019) – Steve Hollister, senior vice president of NorthMarq’s Boise and San Diego regional offices, secured the external refinancing of $3,925,00 Cordillera Apartments located in Boise, Idaho, through a correspondent life insurance company for a repeat borrower. The transaction was structured on a 15-year permanent fixed loan with a 30-year amortization.  

“The lender provided a very competitive rate for a 15-year fixed rate loan with a 30-year amortization. The interest rate was far superior to the competition,” said Hollister. 

The Cordillera Townhomes, located at 10748 W Florence Dr, Boise, Idaho, is six residential units situated in fourteen 2-story, 4-plex buildings. All 2 bed/2 bath units with a design that provides private entrances for each unit. Common area pool. The property was completed in 2015, this asset has essentially been 100% occupied since completion. 

 

View Available Multifamily Listings

Meet our team

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.
Transactions

Related Transactions

Explore all transactions
NM Web Icon News Black

Stay on top of industry research

Subscribe