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Refi Arranged for Multifamily Trio

SAN DIEGO—Marty Meagher and Gardiner Champlin, of NorthMarq Capital's San Diego based regional office, have serviced the refinancing of three multifamily properties totaling more than $74 million.

By David Phillips | Updated on May 21, 2014

SAN DIEGO—NorthMarq San Diego has arranged for $74 million in refinancing for a portolio of three apartment properties. Two are located in Southern California, and the third is in Dallas.

Tierrasanta Ridge Apartments: Located at 5410 Repecho Drive in San Diego, this multifamily property consists of 356 units and was refinanced at $52 million. The transaction is based on a 10-year term and 30-year amortization schedule and was arranged by NorthMarq for the borrower through its AmeriSphere Fannie Mae DUS platform.

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