How will the #BTR market perform in a lower interest rate environment? The single-family build-to-rent market is recording a period of rapid demand growth and heightened levels of new supply. Read our insights in Northmarq’s latest report: https://ow.ly/VCnB50TRZ04 #Northmarq #CRE
关于我们
As a company built on the founding principle of integrity, we’re invested in your success. What started as a small residential mortgage company 60 years ago has grown into a leading, national firm capable of supporting commercial real estate debt, equity, investment sales, loan servicing and fund management across every type of multifamily and commercial asset class.
- 网站
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https://www.northmarq.com
Northmarq的外部链接
- 所属行业
- 房地产
- 规模
- 1,001-5,000 人
- 总部
- Minneapolis，Minnesota
- 类型
- 私人持股
- 创立
- 1960
- 领域
- 1031 Exchange、Affordable Housing、Asset Management、Bridge Loans、Commercial Mortgages、Fannie Mae、FHA/HUD、Freddie Mac、Fund Management、Healthcare、Industrial、Investment Sales、Loan Servicing、Manufactured Housing Communities、Mezzanine Financing、Net Lease Retail、Office、Preferred Equity、Shopping Centers、Single-Family Build-to-Rent、Land、Construction Loans、Capital Stack Advisory、Corporate Solutions、Equity Financing、Debt Financing、Retail和Net Lease
地点
Northmarq员工
动态
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Northmarq’s Orange County Multifamily Investment Sales team led by Managing Director Shane Shafer and Senior Vice President Peter Hauser completed the $18,575,000 sale of a 56-unit multifamily property in Riverside, #California. Westbrook Apartments sold for approximately $332,000 per unit, the highest price per unit sale in Riverside County year to date for 2024, per Northmarq’s research team. Northmarq represented the seller. ? “This sale showcases continued investor interest in newer, high-quality apartments in Southern California growth markets,” said Shane. “Opportunities like Westbrook continue to be at the top of the lists for investors seeking consistent and stable returns, great market fundamentals and the ability to buy below replacement cost.” ? #Northmarq #CRE Read more: https://ow.ly/YxNt50Ue3fE
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Northmarq’s #Tulsa and #Atlanta Commercial Investment Sales teams successfully arranged the sales of two CVS Pharmacy stores in Michigan and Washington for a combined $17+ million. David Annett, MSF and Tyler Molleson represented the seller, The Velmeir Companies, for each of the properties as a part of a strategic shift of their investments into other development projects. The buyers were both 1031 exchange investors identified through Northmarq’s proprietary marketing process. ? “There is nearly three years of inventory on the market of CVS product, so getting these to stand out was our greatest challenge. Thankfully, the real estate quality, in the case of Washington, and the lease term remaining paired with offering cap rate on Michigan allowed us to get plenty of eyes on the properties as we were selling them," Tyler said. ? #Northmarq #CRE Read more: https://ow.ly/vvH350Ue31T
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Northmarq’s Kansas City Debt + Equity team led by managing director Greg Duvall arranged the acquisition financing for The Sovereign at Overland Park, a 250-unit apartment complex located in Overland Park, Kansas. ? Northmarq secured the $41.9+ million acquisition loan on behalf of the borrower as a long-standing Freddie Mac Optigo lender. ? “For multiple reasons this collaboration between our Agency Team, our Debt + Equity team and Freddie Mac, allowed the borrower to receive an exclusive and personalized aggressive loan structure and all-in rate," said Jeffrey Ketron, senior vice president and head of Northmarq’s Multifamily Agency Production. ? #Northmarq #CRE Read more: https://ow.ly/t8EL50Ue2O9
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Northmarq Vice President Bobby Harrington with the Fort Lauderdale Debt + Equity team successfully arranged the $5.5 million acquisition financing of a 29,000-sq.-ft. industrial warehouse in #Miami, Florida. Northmarq secured the permanent fixed-rate loan for the borrower through a correspondent life insurance company lender. The transaction was structured on a five-year term. In addition, the buyer executed a reverse 1031 exchange coordinated by the #NorthmarqExchange team. ? “There were a lot of moving pieces in this transaction,” said Bob. “The property acquisition was part of a sale-leaseback, which had the seller executing a new lease at closing. All parties communicated very well from the outset to arrive at the finish line together." ? #Northmarq #CRE Read more: https://ow.ly/tl8950Ua5GF
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Northmarq’s?#Minneapolis Debt + Equity team led by Dan Trebil and Andy Finn, successfully arranged the $28.575 million new construction loan for Olivine Apartments in Victoria, Minnesota. ? Northmarq arranged financing on behalf of the borrower, Schafer Richardson and Marco McLane Development, through Associated Bank. The deal also features preferred equity which Northmarq also arranged through Minnesota-based Ackerberg Group. ? “This financing structure, combining both senior debt and preferred equity, is a testament to the market’s resilience and adaptability in today’s economic landscape,” Andy said. “It’s been a pleasure collaborating with the entire team, and we look forward to seeing this project come to life, providing a high-quality housing experience for future residents.” ? #Northmarq #CRE Read more: https://ow.ly/sbc250Ua5i1
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Senior Vice President Steven Hollister of Northmarq’s San Diego Debt + Equity team successfully arranged the $12.25 million construction-to-permanent financing for a 56,275-sq.-ft. office/warehouse building in the San Diego, #California area. Northmarq secured the construction-to-permanent loan for the borrower through its correspondent relationship with a life insurance company. The transaction was structured with a 15-year term, two years of interest-only payments followed by a 30-year amortization. ? “Given the current challenges in the construction financing market, this construction-to-perm loan for a non-credit tenant build-to-suit provided an attractive financing solution for the borrower,” said Steve. ? #Northmarq #CRE Read more: https://ow.ly/pGA850U94xh
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Associate Vice President David Annett, MSF of Northmarq’s #Tulsa office arranged the sale of a 10,000-sq.-ft. healthcare property in Ft. Worth, TX. The multi-tenant medical office was built in 2018 and is triple net leased to Riverside Dental, Beelieve Pediatric Therapy and Alliance Women’s Healthcare. Northmarq represented the purchaser in their 1031 exchange. ? “We were able to identify the subject asset through our marketing efforts prior to it ever hitting the market broadly. Therefore, our 1031 investor had a runway to finalize their underwriting and ultimately choose the property as one of their replacements,” said David. #Northmarq #CRE Read more: https://ow.ly/zUwl50U6hJL
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What’s your go-to coffee brand? Dive into the highly competitive coffee industry landscape with restaurant experts Matt Lipson and Mike Philbin. Understand today’s pricing trends and explore investment opportunities. Read our latest Viewpoint to discover how Starbucks, Dutch Bros Coffee and emerging players are shaping the market and driving growth. #Northmarq #CRE Read more: https://ow.ly/yOy450U93Yh
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Selling multiple investment properties can be the best way to free up cash for a larger opportunity. Northmarq Exchange can help you do all of this within a single 1031 exchange. Read more: https://ow.ly/4fEe50U2mRU #Northmarq #CRE #NorthmarqExchange
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