March 15, 2016

NorthMarq Capital’s St. Louis office arranges $2.8 million refinance for Toronto & Parcade Apartments

Toronto & Parcade Apts

Debt & Equity

Multi-Tenant

ST. LOUIS (March 15, 2016) – David B. Garfinkel, senior vice president/managing director of NorthMarq Capital’s St. Louis based regional office secured the $2.8 million refinance of Toronto and Parcade Apartments, two multifamily properties consisting of 84-units and located at 4394 and 4398 West Pine Avenue in St. Louis, Missouri. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through correspondent relationship with a life insurance company.

View Available Multifamily Listings

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.

Transactions