Northmarq arranges $24.5M acquisition financing of Patriot Pointe Townhomes multifamily property in North Ogden, UT
Patriot Pointe Townhomes
NORTH OGDEN, Utah (Nov. 8, 2024) — Northmarq’s San Francisco Debt + Equity team, led by Dennis Williams and Briana DeHaan, successfully arranged the $24.5 million acquisition financing of the 129-unit Patriot Pointe Townhomes, a Class A townhome community located at 2225 N 150 E in North Ogden, Utah. Completed in 2024, the property is situated on 4.05 acres.
Northmarq arranged the acquisition financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 5-year term.
About Northmarq
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.