The St. Louis debt/equity team arranged the acquisition financing for the buyer
ST. LOUIS, MISSOURI (June 22, 2022) – Dominic Martinez and Parker Stewart, investment sales in Northmarq’s St. Louis office, brokered the sale of Forest View Apartments, a 204-unit property, built in 1963 and located at 9400 Mary Glen Drive in St. Louis, Missouri. Northmarq represented the seller and financed the buyer in the transaction. David Garfinkel, managing director of Northmarq’s St. Louis debt/equity office, arranged the acquisition financing via a bridge loan for the property. Northmarq secured financing for the borrower through its relationship with a commercial bank.
“This transaction was the perfect example of how our newfound partnership between investment sales and our mortgage banking team can create a seamless transaction for everyone involved. Through David’s extensive relationships and intimate knowledge of the investment opportunity, he was able to facilitate extremely attractive debt, despite the tumultuous market we find ourselves in today,” said Martinez.