Northmarq’s Richmond office completes acquisition financing of $33,743,500 for The Park at Aventino in Greensboro, North Carolina

RICHMOND, VIRGINIA (May 25, 2022) – Keith Wells, Reina Mazicioglu, and Hunter Wood of Northmarq’s Richmond debt/equity team, finalized $33,743,500 in bridge financing for The Park at Aventino. The 240-unit/3-story multifamily property (built in 2001 and last renovated in 2017) is located at 2826 Vanstory Street, Greensboro, North Carolina. The bridge loan was structured with a 2-year interest only term. 

The Park at Aventino is highly rated and located in a versatile neighborhood west of downtown Greensboro. There are three colleges within 3.7 miles of the property and three shopping centers within a 10-minute walk. Community members benefit from five parks within 5.3 miles, including Tanger Family Bicentennial Garden (5.0 miles). 

Community amenities include: Pet friendly lease options, coffee bar, BBQ/picnic area, swimming pool, fitness center, picnic area, clubhouse, on-site maintenance and property management, and parking space.

Interior amenities include: In-unit washer and dryer, high-speed internet, ceiling fans, carpeted floors, stainless steel appliances, linen closet, and private patio.