Northmarq arranges $2,665,000 million financing of Park View Apartments in Murray, Utah

Park View Apts
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MIAMI, FLORIDA (March 14, 2023) — Jaspaul Kapoor, senior vice president of Northmarq’s Miami debt/equity office, arranged financing of $2,665,000 for Park View Apartments. The multifamily property offers one-bedroom apartments located at 247 East Vine Street in Murray, Utah. The transaction was structured with a 5-year term. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with the Freddie Mac SBL.

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.