NorthMarq Capital’s Dallas office arranges $34.2 million refinance of multifamily property in Reno, Nevada

Multifamily Property
2913a03a-d226-40a5-94b5-571536725bb7
DALLAS (October 2, 2017) – Paul Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas regional office, secured the $34.2 million permanent fixed loan for the refinance of a 352-unit multifamily property located in Reno, Nevada. This transaction was structured with a fully amortizing 35-year loan. NorthMarq arranged financing for the borrower through a FHA/HUD platform.

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.

Image
NM Web Icon News Black

Stay on top of industry research