Northmarq arranges $1.275M refinance for 5-unit apartment complex in San Diego, CA
San Diego Multifamily Property
San Diego, Ca. — Steve Hollister, senior vice president of Northmarq’s Boise Debt + Equity team, successfully arranged the $1.275 million loan of a 5-unit multifamily property located in San Diego, California that was recently completed and stabilized.
The non-recourse permanent fixed-rate loan features a 3-year term and a 30-year amortization with low closing costs. Northmarq secured the financing through a regional commercial bank relationship.
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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.
