NorthMarq Capital's New York office arranged $13 million refinancing for the Bellemont Victoria Apartments in Baton Rouge, Louisiana
Bellemont Victoria Apts
NEW YORK (December 16, 2013) – Elliot Auerbacher, vice president of NorthMarq’s New York City office arranged refinancing of $13 million for the Bellemont Victoria Apartments, a multifamily property containing 583-unts located at 3225 Victoria Drive, Baton Rouge, Louisiana. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS. The property contains numerous 3-bedroom/3-bath units and some of the units are affordable. “Everybody involved in the transaction worked together diligently to get the deal closed,” said Auerbacher.
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.
