NorthMarq Capital’s Richmond office arranges $34 million construction/perm financing for Main 2525 Apartments in Richmond, Virginia

Main 2525 Apts
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RICHMOND (August 31, 2018) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond based regional office, arranged construction/perm financing of $34 million for Main 2525 Apartments, a to-be-built 216 unit apartment complex with 6,308 square feet of commercial space located in the Shockoe Bottom Historic District in downtown Richmond, Virginia. The financing was arranged with the Virginia Housing and Development Authority (VHDA).

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.