NorthMarq Capital’s Richmond office arranges construction financing of $23.95 million for Meridian Obici Apartments in Suffolk, Virginia

Meridian Obici Apts
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RICHMOND (April 22, 2016) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office, arranged construction financing of $23.95 million for Meridian Obici Apartments, a new multifamily complex, consisting of 206,696 sq. ft. & containing 224-units. The property is located at 1900 North Main Street in Suffolk, Virginia.

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 more than $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.