NorthMarq’s Richmond office completes $16.5 million refinance of Pickwick Apartments in Baltimore, Maryland

Pickwick Apts
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RICHMOND, VIRGINIA (March 2, 2020) – Keith Wells, managing director of NorthMarq’s Richmond-based regional office negotiated the $16.5 million refinance of Pickwick Apartments. The 354-unit multifamily property is located in Baltimore, Maryland. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

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.