NorthMarq’s Richmond office arranges acquisition financing of $2,215,000 for Landmark Apartments in Petersburg, Virginia
Landmark Apts
RICHMOND, VIRGINIA (March 31, 2021) – Reina Abboud, vice president of NorthMarq’s Richmond office secured acquisition financing of $2,215,000 for Landmark Apartments. The 53-unit multifamily property is located at 450 Van Buren Drive in Petersburg, Virginia. The transaction was structured with a 7-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower, Mercer Street Partners, through its status as a Freddie Mac OPTIGO lender.
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.
