Finance X Missouri

NorthMarq closes $1.6 million apartment refinance in St. Louis

NorthMarq closes $1.6 million apartment refinance in St. Louis,ph01

Dan Baker, vice president of NorthMarq’s St. Louis-based regional office, arranged the $1.648 million refinance of SOHA Lofts, a 15-unit multifamily property in St. Louis.

The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-medium-sized balance commercial loans.