NorthMarq Arranges Refinancing for Five-Property Multifamily Portfolio in New Orleans

NEW ORLEANS — NorthMarq Capital has arranged refinancing for a portfolio of five multifamily communities located in New Orleans. The properties include Washington Place Apartments (25 units), Liberty Park Apartments (10 units), Forest Park Apartments (20 units), Riverview Apartments (45 units) and Cypress Park Apartments (65 units). Robert Bhat of NorthMarq’s Miami office arranged the loan with 10-year terms and 20-year amortization schedules. Bhat arranged the loans through a Fannie Mae DUS lender on behalf of the borrower, Bruno Inc.