ORANGE COUNTY, CA–Michael Elmore, executive vice president and managing director of NorthMarq's Los Angeles regional office arranged refinancing of $143.4 million for eight individual apartment loans. These conventional market multifamily properties contain a total of 1,226 units.

The two largest loans, totaling $86,819,000 on Villa Del Sol, located in Santa Ana, and Yorba Linda Pines, located in Yorba Linda, were placed for the borrower by NorthMarq through its affiliate AmeriSphere multi-family finance, LLC.

The six other loans, totaling $56 million were placed with a national bank.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.