NorthMarq Capital’s San Francisco office completes $19 million refinance of Mountain Vista Apartments in Victorville, California
Mountain Vista Apts
SAN FRANCISCO (October 25, 2016) –Jeffrey Weidell, president, Nathan Prouty, managing director and Andrew Slaton, vice president of NorthMarq Capital’s San Francisco office, arranged the $19 million refinance of Mountain Vista Apartments, a 400-unit multifamily property located at 15450 Nisqauli Road in Victorville, California. The transaction was structured with a 10-year term with 5-years of interest only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower, E&S Ring Management Company, through Fannie Mae. “NorthMarq tailored a winning deal for this best-in-market asset with a best-in-class owner/operator behind it,” said Prouty.
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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.
