Multifamily
Debt & Equity

NorthMarq Capital’s Los Angeles office arranges $7.59 million refinance of Park Lane Apartments in Los Angeles, California

LOS ANGELES (January 3, 2018) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, secured refinancing of $7,590,000 for Park Lane Apartments, a 52-unit multifamily property located in Los Angeles, California. This newly remodeled complex features numerous amenities and is just steps away from Beverly Hills/West Hollywood. The deal was structured by a 12-year interest only loan term. NorthMarq arranged financing for the borrower through its Fannie Mae 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.

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Park Lane Apts
Permanent Loan - Fixed
$7,590,000