February 10, 2016

NorthMarq Capital’s Richmond office arranges $8.125 million in permanent financing for Pheasant Run student housing in Harrisonburg, Virginia

Pheasant Run

Debt & Equity

Multi-Tenant

RICHMOND (February 9, 2016) – Mike Lowry, senior vice president and Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office represented a regional investment group in the $8.125 million permanent financing for Pheasant Run, a student housing property located near the campus of James Madison University in Harrisonburg, Virginia. The property was completed in 1999-2003 and contains a total of 413 bedrooms (103 total units).

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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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