NORTHMARQ CAPITAL BROKERS MULTIFAMILY PURCHASE AND FINANCING

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NEW BRITAIN, CONN. — NorthMarq Capital has brokered the acquisition of Pebblebrook Apartments, a 486-unit multifamily community located in New Britain and arranged its acquisition financing. The property was purchased for $28.64 million and is secured by a $23.59 million loan. The financing carries a 10-year term with a 30-year amortization schedule and 1 year of interest-only payments. Robert Ranieri of NorthMarq’s Capital Services Group East and J. Jeffrey Robertson of the firm’s Miami regional office arranged the transaction and financing. The lender was Freddie Mac.

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