$8.67 MILLION MULTIFAMILY LOAN ARRANGED IN ST. LOUIS

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ST. LOUIS — NorthMarq Capital has arranged an $8.67 million loan for Village Royale Apartments, a multifamily property located at 5602 Duessel Lane in St. Louis. The complex offers 196 apartment units. Financing was based on a 10-year term and a 30-year amortization schedule. Jeff Chaney of NorthMarq's St. Louis regional office arranged the loan for the borrower, VRA L.P., through its affiliate, AmeriSphere Multifamily Finance, a Fannie Mae DUS lender.

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