Reina Abboud arranges acquisition financing of $18.95 million for Southbank Apartments in Richmond, Virginia
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
