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Northmarq Secures $34M in Permanent Financing for 324-Unit Multifamily Community in Upland, CA
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Northmarq Secures $34M in Permanent Financing for 324-Unit Multifamily Community in Upland, CA
Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck successfully arranged $34 million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Highway in Upland, California. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s relationship with Freddie Mac. The permanent fixed-rate loan is structured as a 10-year term, with full-te…
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