Northmarq secures $13.8M in acquisition financing for 104-unit multifamily property in Richmond, VA
Lafayette Gardens
RICHMOND, Va. — Keith Wells, managing director, and Win Martin, associate, of Northmarq’s Richmond Debt + Equity team, successfully arranged $13.8 million in acquisition financing for a 104-unit multifamily property located at 2219 Ruffin Road in Richmond, Virginia. The borrower secured the loan through Virginia Housing for the acquisition and rehabilitation of the property.
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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.
