Multifamily - Debt

NorthMarq Capital

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

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).

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.