Northmarq announces Freddie Mac refinance for 40-unit apartment community in Sherman Oaks, CA

IMT Belasera at Fulton
40-unit multifamily community

SHERMAN OAKS, Calif. — Northmarq’s Newport Beach Debt + Equity deal team, led by Scott Botsford, Joe Giordani and Brendan Golding, secured financing for IMT Belasera At Fulton, a 40-unit multifamily low-rise apartment community located at 4550 Fulton Ave. in Sherman Oaks, California.

Northmarq arranged financing on behalf of the borrower, IMT Residential, through its status as a Freddie Mac Optigo lender.  

“This is exceptional real estate in a prime location, featuring a unique unit mix with large two-story townhomes and strong owner-operator. As a result, our team was highly focused on securing the appropriate pricing, waivers and full-term interest-only structure the transaction deserved,” said Botsford. “Northmarq and Freddie Mac worked collaboratively to achieve optimal execution and deliver a great outcome for the client.” 

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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.
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