John Reed, senior vice president and senior director of NorthMarq Capital, has securitized tax-exempt bonds worth $98 million for an apartment portfolio, GlobeSt reports. The portfolio represents 11 properties in the West Coast, Southwest and Southeast markets.

NorthMarq arranged the transaction for the borrower through Freddie Mac. Marty Meagher and Gardiner Champlin of NorthMarq’s San Diego regional office assisted on the deal. The portfolio of tax exempt bonds is owned by TCH I Depositor, an affiliate of Capmark Financial Group.

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