Salt Lake City office arranges $1,725,000 finance of Victoria Windsor in Salt Lake City, Utah
Victoria Windsor
SALT LAKE CITY (July 5, 2017) Salt Lake City’s production team arranged financing of $1,725,000 for Victoria Windsor, a multifamily property located near downtown Salt Lake City, Utah. The transaction was structured with interest only during rehabilitation, a 10-year term on a 30-year amortization schedule. Salt Lake City arranged financing for the borrower through its relationship with a local bank. “We were both able to secure acquisition financing as well as additional proceeds for capital improvements as our client acquired and improved this property to be an addition to their multi-family portfolio of properties under management,” said Pinnock.
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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.
