Multifamily - Debt

NorthMarq secures refinancing of $1,648,000 for SOHA Lofts in St. Louis, Missouri

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.