NorthMarq’s Salt Lake City office arranges $33 million refinance of Rivulet Apartments in American Fork, Utah
Rivulet Apts
SALT LAKE CITY, UTAH (January 10, 2019) – John Bradshaw, senior vice president/managing director of NorthMarq’s Salt Lake City office, finalized the $33 million refinance of Rivulet Apartments, a 252-unit multifamily property located at 449 South 860 East in American Fork, Utah. The transaction was structured on Freddie Mac’s pre-stabilization loan program. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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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.
