NorthMarq’s Richmond office completes acquisition financing of $6,015,000 for Star Lofts in Petersburg, Virginia
Star Lofts
RICHMOND, VIRGINIA (January 26, 2021) – Reina Abboud, vice president of NorthMarq’s Richmond office arranged acquisition financing of $6,015,000 for Star Lofts. The 66-unit multifamily property is located at 16 South Market Street in Petersburg, Virginia. The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.
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.
