Multifamily - Debt

NorthMarq’s Miami office completes $8.5 million bridge loan for Sonoma Canyon Apartments in San Antonio, Texas

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.