Northmarq completes sale of Forest View Apartments in St. Louis, Missouri
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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
