Northmarq arranges $1.825 million in financing for Metro Lofts
Metro Lofts
Date: June 6, 2022
Size: 21 units
Location: Cleveland, Ohio
Lender type: Bridge/Mezz
Loan sub-type: Bridge loan
Winning quote: Lender was able to provide 2 years interest-only, $240,000 in CapEx as value-add, and two 6-month extension options after initial period.
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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.
