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