Northmarq’s Miami office secures $3.4 million refinancing of Riviera Terrace apartments

Riviera Terrace Apts

MIAMI (July 21, 2023) — Northmarq’s Jaspaul Kapoor, senior vice president in the Miami debt/equity office, arranged refinancing for a 24-unit multifamily property in North Miami, Florida. Built in 1974, the property is located at 888 NE 132nd St. The transaction was structured with a 10-year term. Northmarq secured the permanent-fixed loan for the borrower through a relationship with Freddie SBL.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 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

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