Northmarq arranges $6M in financing for Knott Townhouses in Buena Park, CA
Knott Townhouses
LOS ANGELES, Ca. — Northmarq’s Los Angeles Debt + Equity team, led by Karl Weidell, arranged $6.375 million in acquisition financing for Knott Townhouses, a 28-unit multifamily property located in Orange County, California. The property was built in 1972.
Northmarq secured the financing on behalf of the borrower, a local real estate investment firm, through its regional banking relationship.
The transaction was structured for a five-year term on a permanent fixed-rate basis, featuring interest-only payments and non-recourse execution. The hybrid permanent loan solution addressed limited in-place cash flow while delivering competitive leverage and pricing consistent with permanent financing.
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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.
