TODAY’S DEALS: NorthMarq Capital Arranged $23.025M Mortgage for Fremont Property, and Other Transactions
By Anuradha Kher, Online News EditorFremont, Calif.–NorthMarq Capital has arranged a $23.025 million first mortgage financing for Stevenson Place Apartments (pictured), a 200-unit multifamily complex, located in Fremont, Calif. Financing was based on a 10-year term plus a one-year floating option with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through…
By Anuradha Kher, Online News EditorFremont, Calif.–NorthMarq Capital has arranged a $23.025 million first mortgage financing for Stevenson Place Apartments (pictured), a 200-unit multifamily complex, located in Fremont, Calif. Financing was based on a 10-year term plus a one-year floating option with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac. KeyBank Real Estate Closes $7.3M Loan for 82-Unit Rental CommunityKent, Wash.–KeyBank Real Estate Capital recently closed a $7.3 million Fannie Mae loan for a multifamily property in Kent, Wash. Key provided the funding to Schneider Homes to refinance The Wilson Apartments, an 82-unit multifamily property built in 1992.
