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.
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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.
