Robert Hernandez arranged $17.226 million mortgage for RCH Fund IV
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.
About Northmarq
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.
