Northmarq’s Newport Beach office secures $12M bridge loan for Los Angeles mid-rise apartments
Vues on Gordon
LOS ANGELES (Nov. 25, 2024) — Northmarq’s Newport Beach Debt + Equity team led by Joe Giordani and Scott Botsford arranged the $12 million external refinance of the Vues on Gordon, a 47-unit multifamily community in Los Angeles. Built in 2018, the apartments are located at 1554 Gordon Street.
Vues on Gordon offers an array of amenities, including premium stainless-steel appliances, breakfast bar countertops, in-unit washer/dryer and a rooftop deck with views of the Hollywood Sign. Residents can choose from one-, two- or three-bedroom floorplans, ranging from 627 to 1,074 sq. ft.
The pet-friendly community boasts a Walk Score of 96 and is nestled between the bustling Hollywood and W. Sunset Boulevards with easy access to Highway 101.
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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.
