NorthMarq secures refinancing of $1,648,000 for SOHA Lofts in St. Louis, Missouri
ST. LOUIS, MISSOURI (March 5, 2019) – NorthMarq’s St. Louis-based regional office, led by Managing Director David Garinkel, arranged the $1,648,000 refinance of SOHA Lofts, a 15-unit multifamily property located in St. Louis, Missouri. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-medium-sized balance commercial loans.
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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 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.
