Northmarq secures $19.485 million loan for 6-property Southern California vintage apartment portfolio
SoCal Vintage Apt Portfolio
LOS ANGELES (July 19, 2024) — Senior Vice President and Managing Director Zalmi Klyne of Northmarq’s Los Angeles Debt + Equity team arranged the $19.485 million refinance of a six-property portfolio in Los Angeles, totaling 261 units.
Northmarq arranged financing for the properties on behalf of the California-based borrowers, through correspondent relationships with commercial banks. The transaction was structured on a 30-year term with a rate of 5.875%.
Image
Image
Image
Image
Meet our team
About Northmarq
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.
