NorthMarq secures $7.115 million refinance of multifamily portfolio located throughout Los Angeles
LOS ANGELES, CALIFORNIA (March 27, 2020) – Zalmi Klyne, vice president of NorthMarq’s Los Angeles office negotiated the $7,115,000 refinance of a three-property multifamily portfolio in Los Angeles that covers 41 units. The loan was a 3-year hybrid ARM with the first three years fixed rate interest only with the remainder of the seven years floating. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
