NorthMarq Capital’s San Francisco office completes $19 million refinance of Mountain Vista Apartments in Victorville, California
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 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 $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.
