Reina Abboud arranges $1.8 million refinance of Manchester Grand Apartments in Richmond, Virginia
Manchester Grand Apts
RICHMOND, VIRGINIA (January 23, 2020) – Reina Abboud, vice president of NorthMarq’s Richmond-based regional office finalized the $1.8 million acquisition financing of Manchester Grand Apartments. The 45-unit multifamily property is located at 1411 Bainbridge Street in Richmond, Virginia. The transaction was structured with a short-term bank loan to allow the borrower to renovate and reposition the property. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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.
