Juda Penini, vice president of Northmarq’s #LosAngeles Debt + Equity team, secured the $13.5 million refinance of a low-rise apartment community in Granada Hills, California. The #mixeduse complex features restaurant and #retail space and 54 #multifamily units. “This project helped bring high-quality units to a market with a low inventory pipeline,” said Juda. “By leveraging Northmarq’s excellent lender relationships, we were able to negotiate attractive pricing and a favorable prepayment structure, along with execution certainty for the borrower.” #Northmarq #CRE Read more: https://ow.ly/vmUB50TeCzF
About us
For nearly 60 years, Northmarq has provided debt, equity, and loan servicing to commercial real estate owners and investors through our offices across the U.S. Our investment sales platform offers acquisition and disposition services for multifamily assets in select markets. Find our local market experts at www.northmarq.com/offices. We offer clients the ideal combination of a strong national company capable of attracting a wide range of capital sources, a personalized approach to buying and selling multifamily properties, exceptional knowledge of local markets, and a robust loan servicing operation to manage the life of every loan. With decades of expertise built on strong relationships, employees find that Northmarq is a challenging yet supportive workplace where they are able to advance their career aspirations and future.
- Website
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https://www.northmarq.com
External link for Northmarq
- Industry
- Capital Markets
- Company size
- 1,001-5,000 employees
- Headquarters
- Bloomington, MN
- Type
- Privately Held
- Specialties
- Mortgage Banking, Investment Sales, Loan Servicing, Student Housing, Affordable Housing, Hotels, Senior Housing, Manufactured Housing, Land Sales, Multifamily Housing, Institutional Solutions, Small Loans, Structured Capital, Commercial Real Estate, Commercial Real Estate Finance, Build To Rent, Single Family Rental , Small Balance Loans, BTR, SFR, Freddie Mac, Multifamily, Multifamily Finance, Property Sales, Multifamily Sales, and SLB
Locations
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Primary
3500 American Blvd West
Suite 500
Bloomington, MN 55431, US
Employees at Northmarq
Updates
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Northmarq’s Pacific Northwest Commercial Investment Sales team of Sean Tufts, Kevin Adatto, Scott Frank and Joe Dugoni successfully brokered the sale of the Marysville Town Center in Marysville, Washington. “Marysville Town Center is home to a very successful Albertsons grocery store. This strategic and creative transaction was part of a larger solution provided by Northmarq that helped the buyer, Rhino Investments Group, and the seller, Hyperion Realty Capital, both of which are longstanding and great clients of our team and company,” said Tufts. #Northmarq #CRE #ShoppingCenter #Retail Read more: https://ow.ly/Auqb50TeCAu
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This Labor Day, we're proud to recognize the best team in commercial real estate. Thank you to all of our #Northmarq employees for your passionate dedication to our clients, our company, and one another. Enjoy your well-deserved holiday! #CRE #LaborDay
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What does the future hold for the #netlease market? Our latest Viewpoint by BJ Feller analyzes the exploding on-market inventory levels and predicts “that #caprates will almost certainly climb much higher to restore market equilibrium.” Read more for a closer look at these trends: https://ow.ly/Nn7O50T9Fsv #Northmarq #CRE #InvestmentTrends
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Northmarq’s Carolinas Multifamily Investment Sales team of Andrea Howard, Caylor Mark, John Currin, Allan Lynch, Jeff Glenn and Austin Jackson successfully brokered the $55 million sale of Braxton at Lake Norman, a 232-unit multifamily community in the #Charlotte MSA. “While challenges remain in the market, demand for Carolinas #multifamily persists — evident in our team conducting over 40 tours and garnering a significant number of offers," said Howard. Northmarq represented the seller, Passive Investing, in this transaction. Read more: https://ow.ly/p5j250T90ZU #Northmarq #CRE
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What is the difference between the 200% rule and the 90% rule? Navigating replacement properties rules and regulations in a #1031exchange can be complex. Learn more about the intricacies: https://ow.ly/GQho50T6Z63 #Northmarq #CRE
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As consumers' dining preferences have evolved, dining spaces are shrinking. What does this mean for investors? Learn from Mike Philbin and Matt Lipson of Northmarq’s Restaurant Group on what’s driving the trend of smaller, smarter spaces. #Northmarq #CRE Read more: https://ow.ly/7jOR50T5iKT
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See you soon, Tampa! Northmarq will be at ICSC@FLORIDA next week. Will we see you there? @ICSC #Northmarq #CRE
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“By expanding your portfolio to strategically include #healthcare real estate or making your first purchase an #outpatient clinic, you position yourself to generate a stable, profitable return,” advises Toby Scrivner. Read the latest Viewpoint in our Healthcare Summer Series to learn more about healthcare investing strategies. #Northmarq #CRE Read more: https://ow.ly/GjQx50T4q3t
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Northmarq’s Chicago Debt + Equity team of Kevin McCarthy, Jeff Frankel and Alex Czachor collaborated with Jason Kinnison of the Omaha office to refinance Brickline at The Mercantile. The premier luxury #multifamily property is situated in the heart of downtown #Omaha, Nebraska and encompasses 379 units, along with commercial space leased to three different restaurant/entertainment concepts. The permanent fixed-rate loan of over $75 million was arranged through Northmarq's proprietary Fannie Mae DUS platform, leveraging Fannie’s Near-Stabilization Program. “Fannie Mae’s ability to lock rate and close at 75% occupancy, while being aggressive on pricing and structure ultimately set them apart amongst lenders,” said McCarthy. #Northmarq #CRE Read more: https://ow.ly/Bpib50T1oUs
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