Multifamily
Debt & Equity

NorthMarq Capital’s Richmond office completes permanent financing of $5.5 million for Westbury Apartments in Richmond, Virginia

RICHMOND (April 22, 2016) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office, arranged permanent financing of $5.5 million for Westbury Apartments, a well-established multifamily complex with historically high occupancy. The 158-unit property is located at 9522 Shepton Circle in Richmond, 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 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.

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Westbury Apts
Debt
$5,500,000