Multifamily - Debt

NorthMarq Capital’s San Diego office arranges $10.5 million refinance of Hunter’s Run Apartments in El Cajon, California

SAN DIEGO (February 23, 2015) – Marty Meagher, senior vice president and Gardiner Champlin, senior vice president of NorthMarq Capital’s San Diego based regional office secured the $10.5 million refinance of Hunter’s Run Apartments, a 218-unit multifamily property located at 532 Broadway in El Cajon, California. The low leverage 10 year loan transaction was structured with interest only payments for the full loan term. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.

“Freddie Mac accommodated a low leverage refinance of an existing Freddie Mac loan on this very well-maintained garden apartment complex to significantly reduce the interest rate and monthly payments while providing some additional capital to assist with an on-going unit interior upgrade project,” said Champlin.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.