Northmarq Provides $26.1M in Fannie Mae Financing for Foxmoor Apartments in Sioux Falls
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in November 2026: $1.6B across 19 reported transactions. All Multifamily coverage →
- 51 stories mentioning Northmarq on the wire in the past 90 days. Northmarq coverage →
Computed from Real Estate Trail’s own tracked coverage
SIOUX FALLS, S.D. — Northmarq has provided $26.1 million in Fannie Mae financing for Foxmoor Apartments, a 350-unit community in Sioux Falls. John Reed of Northmarq arranged the financing on behalf of the borrower, Sa…
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