NorthMarq Capital arranges $24 million in acquisition financing for Honeyman Hardware Lofts in Portland, Oregon
Honeyman Hardware Lofts
LOS ANGELES (December 18, 2014) – Michael T. Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based regional office secured acquisition financing of $24 million for Honeyman Hardware Lofts, a 100 unit multifamily property located at 555 NW Park Avenue in Portland, Oregon. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through a Fannie Mae DUS lender.
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.
