Northmarq secures $36.5M refinance of Jefferson Ridge in Charlottesville, VA
Jefferson Ridge
CHARLOTTESVILLE, Va. (June 17, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity team successfully arranged the external refinance of a 234-unit multifamily student housing property at 810 Catalpa Court in Charlottesville, Virginia. Built in 2004, the property was refinanced through Northmarq’s in-house Fannie Mae team. The permanent, fixed-rate loan was structured with a 7-year term and a 30-year amortization schedule.
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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.
