ST. LOUIS APARTMENTS RECEIVES $7.03 MILLION LOAN

ST. LOUIS — David Garfinkel and Jeffrey Chaney of NorthMarq Capital’s St. Louis regional office arranged a $7.03 million loan for the Lofts of Lafayatte. Located in St. Louis, the apartment property offers 109 units. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged through NorthMarq’s seller-servicer relationship with Freddie Mac. The borrower was not disclosed.