Northmarq arranges $6.724 refinance of The Fairmount & 1502 Flats luxury apartments in Philadelphia
Pictured above: The Fairmount
PHILADELPHIA — Northmarq’s Debt + Equity team led by Collin Lester (New York Metro) and Deon Green (Dallas) successfully arranged the $6.724 million refinance of The Fairmount (999 N. 15th Street) and 1502 Flats (1502 N. 25th St.), two mid-rise multifamily communities in Philadelphia.
Northmarq arranged the permanent-fixed financing on behalf of the borrower, Chevron Realty Management, LLC., through the firm’s in-house Fannie Mae DUS platform. The transactions were structured on a five-year term.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
