NorthMarq Capital’s St. Louis office secures $12 million refinance of Lake Terrace Garden Apartments in New Orleans, Louisiana
Lake Terrace Garden Apts
ST. LOUIS (January 25, 2017) – Curtis Shepard, vice president of NorthMarq Capital’s St. Louis-based regional office, arranged the $12 million refinance of Lake Terrace Garden Apartments, a 184-unit multifamily property located at 1610 Robert E. Lee Boulevard in New Orleans, Louisiana. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged financing via Fannie Mae for the borrower, Lake Terrace Apts, LLC.
About Northmarq
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.
