NorthMarq arranges $14.58 million construction loan for Stony Run Apartments in Hanover County, Virginia
Stony Run Apts
RICHMOND, VIRGINIA (January 14, 2020) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond-based regional office secured a $14.58 million construction loan for Stony Run Apartments. The 153-unit multifamily property will be located on Lake Ridge Parkway in Hanover County, Virginia. NorthMarq arranged financing for the borrower through its relationship with a national bank.
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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.
