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.
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