NorthMarq Capital arranges acquisition financing of $25,338,000 for Rancho Solana Apartments in Oxnard, California

Rancho Solana Apts
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OVERLAND PARK (November 21, 2016) – Greg Duvall, senior vice president/managing director of NorthMarq Capital Kansas City-based regional office arranged acquisition financing of $25,338,000 for Rancho Solana Apartments, a 168-unit multifamily property located at 2444 Alvarado Street in Oxnard, California. The transaction was structured with a 10-year term with 5-years of interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae. “Due to their long and successful history with this borrower, Fannie offered aggressive pricing and 5-years of interest only despite the age of the property,” said Duvall.

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.

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