NorthMarq finalizes $41,000,000 construction loan for Port 58 Hillpoint in Suffolk, Virginia
RICHMOND, VIRGINIA (July 20, 2021) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond office arranged a $41,000,000 construction loan for Port 58 Hillpoint. The 230-unbit multifamily property will be located at 3100 Godwin Boulevard in Suffolk, Virginia. The transaction was structured with a 30-year fully amortizing term. NorthMarq arranged the construction-permanent financing for the borrower through its correspondent relationship with the Virginia Housing & Development Authority.
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