Mixed Use - Sale

NorthMarq Capital

NorthMarq Capital brokers the sale and acquisition of Manchester Park for $5.5 million in Richmond, Virginia

RICHMOND (July 24, 2018) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond regional office brokered the sale and acquisition of Manchester Park, a 24 unit, mixed-use project located in the historic Manchester district of Richmond, Virginia for $5,500,000. Rapid access is easy to the financial district, state and city government, VCU’s Academic and Health System campuses. The seller was a local partnership and the buyer was a local investor.

 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.