NorthMarq secures refinancing of $1,648,000 for SOHA Lofts in St. Louis, Missouri
SOHA Lofts
ST. LOUIS, MISSOURI (March 5, 2019) – NorthMarq’s St. Louis-based regional office, led by Managing Director David Garinkel, arranged the $1,648,000 refinance of SOHA Lofts, a 15-unit multifamily property located in St. Louis, Missouri. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-medium-sized balance commercial loans.
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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.
