Real Estate

Advanced Real Estate Services Secures $240M Refi For Multifamily Portfolio

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NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California. : Advanced Real Estate Services, Inc., has refinanced a six-property, 1,223-unit multifamily portfolio in Southern California with $240.4 million in loans from Freddie Mac and Fannie Mae arranged by NorthMarq. The financings generated more than $100 million in cash-out proceeds that will be used as the initial investment into the $250 million Advanced Fund 20-1 for new multifamily acquisitions.

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