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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  October 3, 2022
Northmarq has provided a $29.8-million construction loan for a multifamily development at 103 East 2nd Street in Richmond, VA.
Lisa McDuffie
By: Lisa McDuffie

Northmarq Brings About Multifamily Development with $30M Build Loan

Northmarq has completed a $29.8-million construction loan for a multifamily development to be located on a 122,464-square-foot plot at 103 East 2nd Street in Richmond, VA.

Mike Lowry, Keith Wells, Reina Mazicioglu, and Hunter Wood of Northmarq arranged the permanent-fixed loan structured on a five-year term with three years interest only followed by a 30-year amortization schedule. Northmarq secured the financing through a local bank.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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