NorthMarq’s Miami office completes $8.5 million bridge loan for Sonoma Canyon Apartments in San Antonio, Texas
Sonoma Canyon Apts
MIAMI, FLORIDA (March 21, 2019) – Jordan Hopkins, vice president of NorthMarq’s Miami-based regional office arranged the $8.5 million bridge loan for Sonoma Canyon Apartments, a 219-unit multifamily property located in San Antonio, Texas. The transaction was structured with a 6-month interest-only term. NorthMarq arranged financing for the borrower through its relationship with a bridge lender.
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.
