Northmarq secures $19.485 million loan for 6-property Southern California vintage apartment portfolio
LOS ANGELES (July 19, 2024) — Senior Vice President and Managing Director Zalmi Klyne of Northmarq’s Los Angeles Debt + Equity team arranged the $19.485 million refinance of a six-property portfolio in Los Angeles, totaling 261 units.
Northmarq arranged financing for the properties on behalf of the California-based borrowers, through correspondent relationships with commercial banks. The transaction was structured on a 30-year term with a rate of 5.875%.
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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.
