NORTHMARQ CAPITAL ARRANGES $250 MILLION CREDIT FACILITY FOR MF PORTFOLIO
LOS ANGELES — NorthMarq Capital Inc. arranges $250 million credit facility for an eight-property multifamily portfolio. The properties, which total 1,731 units, are located in California and Washington. Freddie Mac provided the financing. The undisclosed borrower utilized $150 million at closing and has the option to expand the facility to $250 million. The facility is priced over the Freddie Mac Reference Bill and can accommodate multiple tranches in 30-, 90-, 180- and 360-day increments. Michael Elmore of NorthMarq’s Los Angeles regional office arranged the financing.