Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  August 25, 2021
David Cohen
By: David Cohen

NorthMarq Secures $34M Construction Loan for Richmond MF Property

NorthMarq has arranged a $34 million construction loan for Hardwood Village, a 189-unit multifamily property with ancillary retail space in Richmond.

Located at 1601 Overbrook Road, the project is slated to be completed by the summer or fall of 2022. The transaction was structured with a 30-year fully amortizing term. NorthMarq arranged financing for the borrower through its relationship with the Virginia Housing & Development Authority (VHDA). Keith Wells and Reina Abboud of NorthMarq secured financing for the undisclosed borrower.

“Our team was able to secure financing through VHDA thanks to their competitiveness on leverage,” said Abboud. “No other lender came close to them in terms of the complete financing package provided for this project.”

Connect

Inside The Story

NorthMarq’s Abboud

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
Order Reprints
  • ◦Development
New call-to-action