PORTLAND, OR—NorthMarq Capital has secured acquisition financing of $24 million for Honeyman Hardware Lofts, a 100-unit multifamily property located at 555 NW Park Ave.
The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through a Fannie Mae DUS lender. Michael Elmore, executive vice president/managing director of NorthMarq Capital's Los Angeles-based regional office made the arrangements.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
