Northmarq Brokers Arrange $14M Refinance Loan For Multifamily Property In Richmond, VA

A multifamily property located at 700 Everett St in Richmond, VA has undergone a loan refinance transaction. The property consists of 139 units and was involved in a loan deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Loan Type: Refinance
• Loan Terms: Permanent-fixed loan with a 10-year interest-only term followed by a 30-year amortization schedule

The loan for this property was facilitated by Reina Mazicioglu and Hunter Wood from Northmarq. They acted as the brokers in this deal, representing the parties involved in the loan transaction. The loan amount of $14,000,000 was secured for the refinance, providing the property owner with a more favorable loan arrangement.