Northmarq arranges $24.5M acquisition financing of Patriot Pointe Townhomes multifamily property in North Ogden, UT
NORTH OGDEN, Utah (Nov. 8, 2024) — Northmarq’s San Francisco Debt + Equity team, led by Dennis Williams and Briana DeHaan, successfully arranged the $24.5 million acquisition financing of the 129-unit Patriot Pointe Townhomes, a Class A townhome community located at 2225 N 150 E in North Ogden, Utah. Completed in 2024, the property is situated on 4.05 acres.
Northmarq arranged the acquisition financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 5-year term.
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.
