NorthMarq Capital’s Richmond office arranges permanent financing of $18.06 million for Waverton Place Apartments in Virginia
Waverton Place Apts

RICHMOND (June 21, 2016) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office, arranged permanent financing of $18.06 million for a 304-unit multifamily property located in Chesapeake, Virginia. The borrower is Waverton Associates, a well-established developer of multifamily complexes headquartered in Portsmouth, Virginia.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.