Reina Abboud arranges acquisition financing of $18.95 million for Southbank Apartments in Richmond, Virginia
Southbank Apts
RICHMOND, VIRGINIA (March 12, 2020) –Reina Abboud, vice president of NorthMarq’s Richmond-based regional office secured acquisition financing of $18.95 million for Southbank Apartments. The 150-unit multifamily property is located in Richmond, Virginia. NorthMarq arranged the permanent-fixe loan for the borrower through its relationship with Freddie Mac.
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.
