Other - Debt

Robert Hernandez arranged $17.226 million mortgage for RCH Fund IV

TAMPA (April 4, 2013) – Robert Hernandez, senior vice president/managing director of NorthMarq’s Tampa regional office, arranged first mortgage refinancing of $17.226 million for RCH Fund IV, a closed-end fund consisting of performing and non-performing notes and several REO’s. The financing secured was interest only with set paydowns for 2 years with one 12-month extension. NorthMarq arranged this financing for the borrower, RCH Mortgage Fund IV, through its relationship with a national bank. “The superior metrics and substantial equity in the transaction allowed NorthMarq to structure a loan allowing for releases as the notes pay off and the REO’s are sold,” said Hernandez.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.