NorthMarq Capital’s Richmond office secures $30m construction financing for Reynolds South Tower

Mike lowry, senior vice president of NorthMarq Capital’s Richmond regional office, arranged construction financing of $30 million for Reynolds South Tower, a 10 story, 213-unit multifamily property located at 505 Porter St. in the Manchester area of downtown Richmond. The transaction was structured with a variable interest rate construction term, converting to a fixed rate permanent loan upon completion. NorthMarq arranged financing for the borrower through Union Bank & Trust’s Richmond headquarters. READ MORE

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