Northmarq’s Richmond office completes $12.9M construction financing for Horner Apartments in Midlothian, VA
MIDLOTHIAN, Va. (Oct. 30, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity team successfully arranged $12.9 million in construction financing for the multifamily development. The 49-unit property is located at 3901 Stigall Drive in Midlothian, Virginia. The construction loan was structured on a 2-year term followed by a 30-year amortization schedule.
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