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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