NorthMarq Capital’s Los Angeles office finalizes $20.672 million for Latitude 37 in San Jose, California
LOS ANGELES (April 1, 2015) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles based regional office arranged the $20.672 million refinance of Latitude 37, an 86-unit multifamily property located at 1255 Babb Court in San Jose, California. The transaction was structured with a floating rate 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.
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