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