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%.”