NorthMarq arranges $2.7 million refinance of Newtown Crossing Townhomes in Stevens City, Virginia
Newtown Crossing Townhomes
RICHMOND, VIRGINIA (February 20, 2020) – Mike Wells, senior vice president and Reina Abboud, vice president of NorthMarq’s Richmond-based regional office worked together to arrange the $2.7 million refinance of Newtown Crossing. The 15-unit multifamily property is located in Stevens City, Virginia. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with the Virginia Housing & Development Authority.
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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.
