SAN DIEGO—NorthMarq San Diegohas arranged for $74 million in refinancing for aportolio of three apartment properties. Two are located inSouthern California, and the third is inDallas.

Tierrasanta Ridge Apartments: Located at 5410Repecho Drive in San Diego, this multifamily property consists of356 units and was refinanced at $52 million. The transaction isbased on a 10-year term and 30-year amortization schedule and wasarranged by NorthMarq for the borrower through its AmeriSphereFannie Mae DUS platform.

“AmeriSphere and Fannie Mae coordinated closely to win thishighly desirable business for a major private investor,” saidMeagher. “All key waivers and approvals were secured veryefficiently, resulting in a rate lock 12 days after application.Closing occurred on the borrower's desired schedule (57 days afterapplication) and the lender provided exceptional service for thisimportant borrower.”