NorthMarq Capital arranges $24 million in acquisition financing for Honeyman Hardware Lofts in Portland, Oregon
Honeyman Hardware Lofts
LOS ANGELES (December 18, 2014) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office secured acquisition financing of $24 million for Honeyman Hardware Lofts, a 100 unit multifamily property located at 555 NW Park Avenue in Portland, Oregon. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through a Fannie Mae DUS lender.
About Northmarq
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.
