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GlobeSt.com EXCLUSIVE: NorthMarq Invests in AmeriSphere

MINNEAPOLIS-Omaha-based AmeriSphere Multifamily Finance, which specializes in Fannie Mae mortgage products, will become an affiliate of NorthMarq, the commercial real estate investment banking firm with 28 offices nationwide. AmeriSphere will remain independent and Rodrigo Lopez will stay on as chief executive.

By Jim McCartney | Updated on November 04, 2004

MINNEAPOLIS-NorthMarq Capital Inc., a national commercial real estate investment banking firms, is expected to announce today it has made an “significant” equity investment in Omaha-based AmeriSphere Multifamily Finance, LLC, one of 26 Fannie Mae delegated underwriting and servicing lenders. “NorthMarq is a significant player in the commercial real estate industry,” says Rodrigo Lopez, who along with McCarthy Group, Inc. formed AmeriSphere four years ago to provide capital solutions for the multifamily housing industry.

Although AmeriSphere will retain its name and independence, Lopez says it will be identified on its letterhead and other company documents as “an affiliate of NorthMarq.” Lopez, who with McCarthy Group will continue to have a controlling interest in AmeriSphere, will remain president and chief executive officer of AmeriSphere. McCarthy Group is an Omaha-based private equity firm. The companies declined to disclose how much money NorthMarq was investing in AmeriSphere.

Lopez says it was a part of his company’s strategic plan to affiliate with a major player in the commercial real estate market. NorthMarq has offices in 28 major markets coast to coast and has originated more than $3 billion in multifamily finance in each of the past two years. As the exclusive seller of Fannie Mae products through NorthMarq, Lopez anticipates rapid growth for his company. The new partnership will increase the availability of affordable multifamily housing through financing of properties that qualify for low-income housing tax credits and tax-exempt bonds, he notes.

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