NorthMarq Capital’s St. Louis office arranges $7,612,000 refinance of Richardson Place Apartments in Arnold, Missouri

Richardson Place Apts
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ST. LOUIS (October 19, 2017) – David Garfinkel, senior vice president/managing director of NorthMarq Capital’s St. Louis regional office, secured refinancing of $7,612,000 for Richardson Place Apartments, a 162-unit multifamily property located at 105 Richardson Place Drive in Arnold, Missouri. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “Freddie Mac was the lender on the previous loan with the borrower and did a great job offering an aggressive quote in order to keep the loan,” explained Garfinkel.

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.