Northmarq’s San Diego office arranges $3.95 million refinance for Fort Pike Commons in Sackets Harbor, New York
Fort Pike Commons
SAN DIEGO, CALIFORNIA (October 6, 2022) – Wyatt Campbell, vice president, and Conor Freeman, vice president of Northmarq’s San Diego office, arranged the $3.95 million refinance of Fort Pike Commons, a 120-unit multifamily community in Sackets Harbor, New York. The loan was structured with full-term interest-only payments. Northmarq secured financing through its in-house Fannie Mae platform and utilized the Streamline Rate Lock (SRL) feature.
“Through Fannie Mae’s SRL option, our team locked rate within 72 hours of application,” said Campbell. “The SRL feature was key for the Borrower, it helped them mitigate recent market volatility and secure a rate in the mid-4.0%.”
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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.
