Northmarq’s Debt + Equity team arranges $1.838M refinancing for OV Escape apartments in Norfolk, VA
OV Escape
Northmarq’s New York Debt + Equity team led by Collin Lester successfully arranged the $1.838 million refinancing of OV Escape, an 18-unit multifamily community located at 963 W. Ocean View in Norfolk, Virginia.
Northmarq arranged permanent-fixed financing on behalf of the borrower, Salem Street Apts LLC, through the firm’s in-house Fannie Mae DUS platform. The transaction was structured on a seven-year term.
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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.
