Northmarq arranges $8.3m refinance of the Paper Company Apartments in Richmond, VA
Paper Company Apts
RICHMOND, Va. – Mike Lowry, senior vice president, and Win Martin, associate, of Northmarq’s Richmond Debt + Equity team, successfully arranged the $8.3 million external refinance of Paper Company Apartments, an 84-unit multifamily property located in the heart of Richmond’s rapidly developing Manchester neighborhood. Northmarq’s in-house Fannie Mae team helped secure a fixed-rate, seven-year loan featuring four years of interest-only followed by a 30-year amortization schedule.
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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.
