Northmarq completes financing of $3,841,000 for Point West Apartments in Port Orchard, Washington
MIAMI, FLORIDA (March 14, 2023) — Jaspaul Kapoor, senior vice president of Northmarq’s Miami debt/equity office, arranged financing of $3,841,000 for Point West Apartments. The two- and three-bedroom multifamily property is located at 3990 Starboard Lane Southeast in Port Orchard, Washington. The transaction was structured with a 10-year term. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with the Fannie Mae SML.
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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.
