Reina Abboud arranges $1.8 million refinance of Manchester Grand Apartments in Richmond, Virginia
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.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
