NorthMarq Capital’s Richmond office arranges $8.125 million in permanent financing for Pheasant Run student housing in Harrisonburg, Virginia
Pheasant Run
RICHMOND (February 9, 2016) – Mike Lowry, senior vice president and Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office represented a regional investment group in the $8.125 million permanent financing for Pheasant Run, a student housing property located near the campus of James Madison University in Harrisonburg, Virginia. The property was completed in 1999-2003 and contains a total of 413 bedrooms (103 total units).
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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.
