NorthMarq Capital’s St. Louis office arranges $7,612,000 refinance of Richardson Place Apartments in Arnold, Missouri
ST. LOUIS (October 19, 2017) – David Garfinkel, senior vice president/managing director of NorthMarq Capital’s St. Louis regional office, secured refinancing of $7,612,000 for Richardson Place Apartments, a 162-unit multifamily property located at 105 Richardson Place Drive in Arnold, Missouri. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “Freddie Mac was the lender on the previous loan with the borrower and did a great job offering an aggressive quote in order to keep the loan,” explained Garfinkel.
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